Ospraie’s Dwight Anderson to Give Commodities Hedge Funds Another Try

[Daal]

Looks like he found suckers who want to get lag commodity ETFs again
http://www.bloomberg.com/apps/news?pid=20601087&sid=admIV4M7debo&refer=home

 

[nazzdack]

Quote from Daal:
.....suckers.......

1) There are no "failures", only "comebacks".
2) It would have really been a bitch to earn back the ~40% drawdown he had before earning his incentive fee with the previous fund.
3) Now, he can start on "even ground".

 

[makloda]

“That opportunity set is as compelling as I have seen in my 15 plus years of investing in the basic industry space.”

Translation: I hope I can ride up another commodity bubble and this time get out before it pops.