Octavian Launches First Fund, To Staff Up

Mar 10 2006 | 12:00am ET

There’s a new hedge fund firm in town and it’s looking to staff up over the next few months by hiring a three-member research team, a cfo and a trader. Richard Hurowitz, chairman and chief investment officer of Octavian Advisors, which launched this week with $100 million in assets under management, confirmed the planned hires.

Hurowitz, previously a partner at multi-billion hedge fund Halcyon Asset Management, teamed up with Gregory Racz, who served as an attorney at Wachtell, Lipton, Rosen & Katz, to found the firm. The two are also working closely with private investment firm Reservoir Capital Group, which has committed $100 million to the new venture from various funds it manages.

Octavian will invest primarily overseas, including in both developed and emerging regions in Europe, Asia and Latin America.

“We are looking at opportunities that are off the radar screen of a lot of other larger funds,” said Hurowitz. “We have flexible capital and we have expertise in a lot of these markets, where, for a variety of reasons, there is less capital chasing [opportunities].”

The partners take an opportunistic approach to investing, placing money in a mix of public and private companies, distressed opportunities and private transactions.

“We have a portion of our capital that is hybrid, so we will look at things that are less liquid or have a longer investment horizon,” Hurowitz said.

Since Reservoir Capital was founded in 1998, the firm has partnered with portfolio managers to create five other investment management firms, which currently have combined assets under management of over $6 billion. Morgan Stanley and Goldman Sachs are serving as prime brokers for Octavian Advisors.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.