Ex-Jana Managers Begin Fundraising Campaign For Event-Driven Fund

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.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR