August 11, 2006

Ospraie Announces New Investor

Ospraie Management, the New-York based hedge fund which manages around $4 billion of assets spread across four funds, announced that Energy Income Partners is investing in its Ospraie Wingspan fund which is worth $900 million. Ospraie Wingspan trades in energy-related stocks. The other three funds under Ospraie’s wings are Ospraie Fund, the Ospraie Real Return Fund and the Special Opportunities Fund. Reuters reports:

The team of new managers, who all once worked at industry giant Pequot Capital, will focus on energy industry sub-sectors related to pipelines, storage and other infrastructure plus fee-based service providers such as Master Limited Partnerships (MLPs) and Income Trusts, a spokesman for the fund said.

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August 11, 2006 in Emerging Markets | Permalink




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