Louis Dreyfus's $1.4 Billion Commodity Hedge Fund to Shut
- Edesia to wind down by the end of the year, company says
- Trafigura Group and Cargill also closed commodity funds
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The hedge fund run by Louis Dreyfus Holding BV will close by the end of 2017, joining a wave of commodity-investment vehicles that have shut in recent years.
All funds and investments run by Edesia Asset Management BV will be wound down by Dec. 31 as the agricultural-commodities giant focuses on its main business, the company said in a statement Tuesday. The investment firm founded in 2008 manages more than $1.4 billion, it said. That’s down from $2.7 billion in August 2013, according to the parent company’s website.