Investors Business Daily – Reservoir Capital Group, a $2.8 billion hedge-fund firm, has invested $100 million in Octavian Advisors LP, a new fund that will sniff out “special situations” in overseasmarkets.
Octavian will be run by Richard Hurowitz and Gregory Racz out of Reservoir’s Madison Avenue headquarters in New York, the firm said in a statement Tuesday.
Hurowitz was a partner and managing principal at Halcyon Asset Management LLC, a multistrategy hedge fund based in New York. Racz used to advise large companies on mergers and acquisitions and other issues as an attorney at law firm Wachtell, Lipton, Rosen & Katz.
Octavian said that it will invest in event-driven, risk-arbitrage and distressed opportunities, mainly outside the United States, as well as in structured, proprietary and private transactions.
