Ospraie Fund, a big commodities fund partly owned by Lehman Brothers, is closing down and will return money to investors after incurring big losses this year.
People close to the fund, which had nearly $4 billion in assets, said the losses resulted from bad bets in copper and natural gas, causing the flagship fund to lose 38% since the beginning of the year.-CNBC
http://www.cnbc.com/id/26515055
(So the truth is finally out. These "fun"ds have been the major culprits for the commodity bubbles despite their persistent denials. "Gurus" have been preaching the BRIC growth story for the commodity bubble, which undercover their real agenda. I would not be surprised more of these commodity "fun"ds to run into trouble after oil collapsed more than $6 last Tuesday. Jim Rogers is another preacher of "high commodity" and have been constantly boasting his Jim Rogers Commodity Fund.)
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