Ospraie fund to close after 27 per cent slide

NEW YORK — "Hedge fund manager Ospraie Management LLC will close its flagship fund after it plunged 27 per cent in August on losses in energy, mining and natural resources equity holdings, in one of the biggest ever closures of a commodities-focused hedge fund." PARITOSH BANSAL Reuters

People love to point out the huge returns that have been made in hedge funds, along with the fees hedge fund managers have made over the past few years. One can never forget that those returns are earned by taking on a large amount of risk.

Sometimes the risk comes around and bites you in the rear.

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