Friday, 22 May 2015
Last updated 16 min 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…