Hedge fund manager, Dwight Anderson, has floated two new hedge funds with around $100 million, Bloomberg reports. The new funds, the Ospraie Equity Fund and the Ospraie Commodity Fund which will invest only in commodities and liquid securities.

The new funds will give investors an option to redeem their money quarterly and will limit the number of investors and the amount of capital. Anderson shut the flagship fund, Ospraie Management, after it suffered a 39% loss.

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