Hedge Fund OVS To Close

Mar 28 2014 | 10:06am ET

There will be no succession at OVS Capital Management.

The London-based event-driven hedge fund will close following founder Sam Moreland's decision to retire, Bloomberg News reports. OVS will return the US$310 million it manages to investors.

Moreland, who is just 48, founded OVS in 2010 after serving as European CEO of HBK Capital Management. The firm managed US$520 million two years ago, when it restricted new inflows, and never posted a losing year, earning 3.26% in the last quarter of 2010, 7.82% in 2011, 1.44% in 2012 and 7.51% last year. The fund is up 2.78% this year.

Nick McEwen, OVS' co-CEO, told Bloomberg that the firm is "extremely grateful to our investors for all of their support."


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of