Ospraie's Anderson Sees Negative Future for Metals and Oil
- Hedge-fund founder sees aluminum closures and bankruptcies
- Anderson says oil will remain in surplus for 3-6 months
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The founder of what was once the world’s largest commodity hedge fund sees little reason for short-term optimism about oil and industrial metals.
“Aluminum is miserable and is going to stay miserable and will have to force closures and bankruptcies,” Dwight Anderson, founder of hedge fund Ospraie Management, said Tuesday in a “Bloomberg <GO>” television interview with Stephanie Ruhle and David Westin. “In general, for most industrial metals, we have a negative outlook for the near term.”