New York Hedge Fund Down And Out

We're not doing a listed "implode" for these guys, since they are under $100M in the "hedge" category, but here it is nontheless:

Okumus Capital, a $989 million hedge fund shop, is shuttering its hedge fund and long-only offerings, FINalternatives has learned... According to public data on its offerings, the $30.8 million Okumus Opportunity Partners, $19.2 million Okumus Diversified Value Partners and $2.5 million Okumus Technology Value Partners are down 42.8%, 23.83% and 5.3%, respectively, through October. Its Long-Only Partners Fund is down 15.02%.