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OVS Hedge Fund Will Close as Founder Morland to Retire

Bloomberg – OVS Capital Management LLP, a $310 million London-based hedge-fund firm, is shutting after founder Sam Morland decided to retire.

OVS will close its OVS Capital Fund and return all money to investors, Nick McEwen, the firm’s co-chief executive officer, said in an interview. The hedge fund, which gained 2.78 percent this year through February, follows an event-driven strategy of investing in European companies that may pursue corporate actions such as acquisitions and share buybacks.

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