Liquid Investing

Ospraie’s longest-tenured vertical is an absolute-return commodity strategy. The current iteration has a track record dating back to 2009 and is battle-tested across a wide range of market environments.

Uncorrelated Absolute Return

Our bottom-up, microeconomics-driven process generates returns uncorrelated to equities, fixed income, and even commodity indices. Accordingly, Ospraie offers a powerful diversification tool for allocators and individual investors alike.

Proven Experience

Ospraie has operated a discretionary commodity strategy continuously since 2009, navigating a wide range of market conditions over the past 15 years. History never repeats, but it does rhyme.

Our combined decades of experience allow us to effectively pursue the current opportunity set with patience and discipline.

Deep Global Network

Ospraie is deeply connected to the global commodity ecosystem. In our 25-year history, we have owned or invested in countless natural resource companies globally, both private and public.

Our liquid investments are informed by deep industry knowledge before it becomes market consensus.

Cross-Commodity Coverage

We invest across all commodity sectors, from agriculture to metals to energy. At any given moment, multiple themes are driving our portfolio, contributing to diversified exposure across sectors. Our mandate is to pursue only our highest-conviction ideas across the commodity space.

We have the breadth of a generalist, but the analytical depth of dedicated specialists.

Robust Risk Management

The Ospraie Strategy

Macro

Framework

Regular assessment of overarching macro environment shapes our total portfolio construction.

Commodity Price

Modeling

Quantitative analysis estimates price outcomes and drives investment discipline.

Real-World

Validation

Model outputs are supported and validated with on- the-ground intelligence.

Risk

Management

Size and structure opportunities by understanding each commodity’s unique trading landscape.

Portfolio

Construction

Focus on 3-5 uncorrelated opportunities to seek to generate consistent alpha.

Ospraie Commodity

Dwight Anderson

Managing Partner and Portfolio Manager

Thomas Burke

Analyst – Agriculture

Greg Mecca

Analyst – Agriculture

James Fitzpatrick **

Analyst – Metals

Andreas Hommert **

Analyst – Metals

**20+ Outsourced Subject Matter Experts

**  –  Consultant
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Dwight Anderson

Dwight Anderson is the Founder and Managing Partner of Ospraie. Mr. Anderson launched the original Ospraie Fund in 1999 in partnership with Tudor Investment Corporation (“Tudor”), where he served as Head of the Basic Industries Group before establishing Ospraie as an independent firm in 2004. Prior to joining Tudor, Mr. Anderson was a Managing Director at Tiger Management in charge of the Basic Industries and Commodities Group.

Mr. Anderson has served on numerous boards of directors of companies in various sectors of the commodity industry. Additionally, he serves on the boards of trustees of NYU Langone Medical Center, UNC Kenan-Flagler Business School, and the United States Olympic Committee.

He holds an MBA from the University of North Carolina and an AB in history from Princeton University. Mr. Anderson has been a recipient of the University of North Carolina’s Kenan-Flagler Young Alumni Award and its MBA Alumni Merit Award. In 2008, he was inducted into NYU’s Sir Harold Acton Society. In addition, Mr. Anderson was the 2016 recipient of the Princeton in Africa Founder’s Medal.

Thomas Burke

Thomas Burke is a portfolio manager at Ospraie with a focus on agriculture, softs, and livestock. He started his career at Ospraie in 2010 and has served in various roles across trading, research, and marketing. He earned a BA in finance and economics from the University of Notre Dame.

Greg Mecca

Greg Mecca serves as an Analyst and Trader at Ospraie with a focus on agriculture markets. Prior to joining Ospraie, Mr. Mecca was a portfolio manager at DRW. Prior to DRW, he led global hedging strategy and research of soft veg oils as part of the Commodity Risk Management team at Unilever. Before that, Mr. Mecca was a portfolio manager at Invenio Asset Management (Olam) in Singapore, where he led oilseed and veg oil trading and research. Mr. Mecca previously joined Blenheim Capital Management as a trader and research analyst and later became a portfolio manager focusing on agriculture and soft commodity futures markets. Mr. Mecca received an AB in economics from Princeton University.

James Fitzpatrick

James Fitzpatrick is an industrial metals analyst who serves as a consultant for Ospraie. He began his career in 2005 in sales and trading on the futures desk at Bear Stearns. In 2007, Mr. Fitzpatrick joined Ospraie as a trader in metals, equities, and FX. In 2010, he began working as an industrial metals analyst for Ospraie, and in 2016 he spun out of Ospraie to become an independent consultant. His recent work includes financial modeling for Ospraie’s private placement investments in the metals space, as well as commodity market price modeling, balance sheet analysis, and fundamental price forecasting. Mr. Fitzpatrick graduated from Princeton University in 2005 with a BA in political science and economics and has passed all three levels of the CFA exam.

Andreas Hommert

Andreas Hommert is a base metals analyst who serves as a consultant for Ospraie. Prior to launching his consultancy firm, Mr. Hommert was a metals trader and analyst at Ospraie and the Partner and Head of Research at Citrine Capital. Before that, he was Head of Commodity Research at Touradji Capital with a focus on industrial materials, shipping, and China, and he was also Head of Commodity Research at Catequil Asset Management. Mr. Hommert was previously employed at Mitsui Bussan Commodities Ltd. and at PaineWebber Inc. He began his career as a sales trader in aluminum at MG Commodities Ltd. Mr. Hommert earned a master’s degree, summa cum laude, in business and economics from Université de Fribourg/Universität Freiburg in Switzerland.