Ospraie Management, LLC

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Ospraie Management, LLC
Founded 2004
Headquarters New York, NY
Key People Dwight W. Anderson, Founder, Principal and Portfolio Manager
Employees 51 to 200[1]
Products Investment Management
Website www.osparie.com

Ospraie Management, LLC is an asset management firm that is focused on commodities and basic industries from a fundamental investment perspective.[2]


Ospraie founder Dwight W. Anderson has been running Ospraie since 1999, first as a stand-alone fund within Tudor Investment Corp., Paul Tudor Jones' hedge fund firm. In 2004, Anderson spun out Ospraie Management as an independent firm. The name "Ospraie" was reportedly chosen as an eclectic spelling of osprey.

In 2005, when Osparie was managing about $2 billion, Lehman Brothers bought a 20 percent interest in the company. This investment followed JP Morgan's decision to buy a stake in Highbridge Capital Management.[3]Ospraie quickly became the world's biggest commodities hedge fund firm.[4]

The firm didn't have a losing year until 2006, when its flagship fund lost 19 percent in the first five months of the year. It took another hit in mid-2007 as the credit markets began to freeze up.[5]

In August of 2008, the Financial Times reported that The Osparie Fund, its flagship fund, had lost lost 26.7 percent in August and was down 38.6 percent over the year to date.[6] A letter for Osparie founder and investor Dwight W. Anderson said the fund would shut down and return money to investors after the fund suffered heavy losses in August.[7]As of September of 2008, Ospraie still managed $4 billion in other investment funds, including a special opportunities fund.[8]

In December of 2008, Alpha Magazine reported that the Ospraie Wingspan Fund was going through some tough times as well.[9]

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