London-based hedge fund firm OVS Capital Management is closing its doors following founder Sam Morland's decision to retire.
OVS co-chief executive officer Nick McEwen told Bloomberg that the firm will return all money back to investors after its closure. The liquidation date was not disclosed.
Morland, who was previously the CEO Dallas-based hedge fund firm HBK Capital Management’s European office, is among a growing list of London hedge fund managers who decided to leave the industry amid slow economic growth in Europe.
OVS, which started trading in 2010 with $8 million in assets, currently manages about $310 million.