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.
