Orchard Assets Soar After Stark Spinoff

Dec 23 2010 | 10:06am ET

Independence has been very sweet for Orchard Capital Partners.

The Asia-focused firm’s Gemini Fund manages almost 14 times more today than it did at the beginning of the year, growing from $7 million to $96.2 million, Bloomberg News reports. And while most of the increase has been due to inflows, the fund has not disappointed in its debut year, returning 21% through the end of November.

All told, Orchard, which spun off from Stark in January, manages $520 million, including $150 million in separately managed accounts.

“The more liquid equity strategies is where the investor appetite was this year,” co-founder Teall Edds told Bloomberg. “Many investors and many funds found that the macro headwinds were difficult to contend with for the bulk of the year.”

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…