Tuesday, 26 July 2016
Last updated 6 hours ago
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.