Ex-Stark Firm Orchard Launches Asia Long/Short Fund

Feb 12 2010 | 5:40am ET

The former Asia team at Stark Investments has launched its first new fund since its spin-off last year.

Orchard Capital Partners’ new long/short hedge fund debuted on Thursday. Orchard Gemini began trading in January and is to open to outside investors in April. The firm hopes to raise $500 million for the fund over the next two to three years.

Orchard, which has offices in Hong Kong and Singapore, will deploy the new fund’s capital across the Asia-Pacific region, particularly in Australia, China, Hong Kong, India, Indonesia, Japan, Singapore, South Korea and Taiwan.

The firm spun-off from Stark in October, taking with it about two dozen employees and Stark’s Asia hedge funds, which manage about $400 million. Orchard also manages about $1 billion in Asian investments for its former parent.

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