The hedge fund Ospraie Management, with a heavily leveraged $3.8 billion in the commodities markets and related equities, is finished. Done. Shuttering like a virgin on prom night.
The fund lost nearly 30% in August alone, which triggered a provision that allowed investors to pull out as much money as they desired. Pull out they did -- in droves. Ospraie is liquidating at fire sale prices.
The fund lost nearly 30% in August alone, which triggered a provision that allowed investors to pull out as much money as they desired. Pull out they did -- in droves. Ospraie is liquidating at fire sale prices.
1 comment:
its good to know about it? where did you get that information?
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