Losses in December topped off an extremely difficult year
for Ahmet Okumus' Okumus Capital. In part due to wrongsided
bets on retail and commercial services, the firm's equity
strategies ended the year in negative territory for the first
time since Okumus' founding in 1997.
The steep declines - including a loss of 26.32% for the
$465.7 million Okumus Opportunity strategy and...