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

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note