NEW YORK (CNNMoney.com) — New York energy hedge fund MotherRock L.P. is closing down after suffering major losses in the natural gas market, according to a report published Friday.
MotherRock was one of the biggest hedge funds in New York trading natural gas futures, The Wall Street Journal reported.
The fund was formed early last year by former New York Mercantile Exchange President J. Robert Collins and gained 20 percent in 2005, the newspaper said.
