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MotherRock Cries Uncle

Stock quotes in this article: GS , MER , ABN  

MotherRock, an energy trading hedge fund led by former Nymex President J. Robert "Bo" Collins, is imploding.

The two-year-old fund, which once had about $450 million in assets under management, notified investors early Thursday that it is closing up after suffering through two brutal months, say people familiar with the fund.

A copy of the investor letter, in which Collins says MotherRock is winding down because of its "terrible performance," was obtained by Bloomberg News. ...

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