Tuesday, 16 September 2014
Last updated 6 hours ago
Aug 23 2011 | 10:22am ET
A hedge fund founded two years ago by a pair of Jana Partners veterans has opened its doors to outside investors.
New York-based O-CAP Management has been running its event-driven strategy—in onshore and offshore versions—with internal capital since September 2009. Now, it's eyeing global allocators with hopes of raising about $1 billion, the funds' capacity.
O-CAP Partners and O-CAP Offshore Fund are opportunistic funds that seek out catalyst-rich prospects, HFMWeek reports. The funds do not use leverage and invest primarily in stocks, pre-initial public offering companies, distressed debt and structured financing.
The firm was founded by Jana's Michael Olshan and Jared Sturdivant. The former focused on hard-asset investment and special situations at the activist hedge fund and the latter on special situations and event-driven value investing.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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