Wednesday, 6 May 2015
Last updated 9 hours ago
Jun 10 2010 | 9:56am ET
Stark Investments spin-off Orchard Capital Partners has launched an equity long/short fund.
The Hong Kong-based fund, which split from Stark in October, wasted little time after winning its independence to launch the Orchard Gemini Fund. The vehicle debuted in January, The Wall Street Journal reports, in response to investor demand for greater liquidity and single-strategy funds.
“Many investors were looking for greater transparency into the specific strategies of their managers,” Teall Edds, an Orchard partner, told the newspaper. “Having one big multi-strategy fund was not necessarily what many investors wanted.”
The new fund—which is up 5.3% since inception—is, like Orchard’s other funds, focused on Asia, investing in stocks and derivatives across the region, including in Japan and Australia.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…