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I'm not sure if this is true or not. Jim Rogers has been accessible by e-mail - we'll see if he responds or not. Also I have a contact at UP Securities that I deal with and another brokerage house that has clients in the fund. I'll post more as I find out more. My understanding thus far has been that it is only margin that it is at risk and that these funds are not at risk, but who knows what the truth is.

(who had not yet invested in the fund, but will through UP once the dust settles)

Refco Owes Jim Rogers Fund $362 Million
By Matthew Goldstein
Senior Writer
10/18/2005 5:18 PM EDT

Updated from 3:48 p.m. EDT

Investment guru Jim Rogers could be one of the losers in the collapse of Refco (RFX:NYSE) , the scandal-tarred commodities and derivatives brokerage.

A Rogers-managed investment fund is one of the largest unsecured creditors of Refco, according to the bankruptcy petition filed by Refco Inc. in New York.

The Rogers Raw Material Fund is owed more than $362 million, according to the filing. The fund is managed by Chicago-based Beeland Management Co., of which Rogers is majority owner. It trades in a portfolio of exchange-traded commodity futures and forward contracts.

-continued at-

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