Hedge Funds

Octavian Advisors Is Closing Its Doors Because Investing Is Hard

Octavian Advisors, a roughly $1 billion 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…”We are deeply frustrated by a market that is driven almost entirely by macroeconomic and political decision-making in the short and intermediate term, where idiosyncratic investments and analysis are overwhelmed by the broader backdrop, and where ‘events’ have become more and more difficult to effectuate and analyze,” founder Richard Hurowitz wrote a letter to investors. [Reuters]

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22 Responses to “Octavian Advisors Is Closing Its Doors Because Investing Is Hard”

  1. Guest says:

    …look for our new fund coming soon. Same dumb ideas, same dumb principals, same dumb investors.

  2. Im_a_Dude says:

    didn't DB do a post on him when he launched?

  3. Guest says:

    They just need a Tom Brady pep talk, or just watch tonight's game. A-rod is like 0 for a zillion. He keeps playing.

  4. DisgruntledLP says:

    At least he has his writing career to fall back on http://www.amazon.com/Maiden-Serenade-Richard-Hur

  5. 7 Tour Winner says:

    Try doping. Worked for me.


  6. writing is hard says:

    how to make +1 in title/

  7. HungryIntern says:

    We understand your pain; we also had a hard time adapting to the changing conditions.

    ~Cincinnati Reds

  8. Guest says:

    You could use that $$$ to take over the laundry business in America. Lots of money to be made.

  9. CoveredLong says:

    "The firm said it will not conduct any sort of fire sale to exit positions and asked investors to stay mum about the firm's decision to liquidate…."

    Perhaps this has something to with their less than stellar returns. Loose lips sink Galleon's.

  10. Guestest says:

    We remain a distressed, investment vehicle.

    – PR

  11. UBS sucks says:

    They can work for UBS, we suck even more

  12. S Ermotti & S Hester says:

    This is ridiculous. There's a plethora of distressed opportunities to invest in. Come see us.

  13. long'un says:

    "We are deeply frustrated, our investors on the other hand are angry, and poorer than they were, so relatively speaking we're ok."

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