One of the funds we had planned on covering in our hedge fund portfolio tracking series has unfortunately shut down. Okumus Capital, the $990 million group of hedge funds founded by Ahmet Okumus in 1997 has confirmed it is shutting down its funds, as reported by FinAlternatives. Okumus' Opportunity fund had seen 35% gains net per year since inception, but came upon rough waters this year, being down 42.8% as of October. Ahmet was the largest investors in the funds, as he was over 20% of firm assets. His deep value, security analysis stock picking style had gained him much notoriety due to his solid performance and he was featured in Jack Schwager's book Market Wizards.