Morgan Hedge | Hedge Fund Database

Activist Fund Octavian Advisors shutting down

Date: THU, OCT 11 2012
Topic: Funds & Investment

Octavian Advisors, a roughly $1bn hedge fund firm specializing in distressed investments, said it was shutting down, becoming the latest casualty of tough market conditions as it suffered double-digit losses.

The New York-based firm, run by Richard Hurowitz, told investors by letter that it will start sending money back before the end of this year and return the bulk of cash next year, according to a report by Reuters.





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