Thursday, 2 July 2015
Last updated 17 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…