Friday, 27 November 2015
Last updated 2 hours ago
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.”
Oct 21 2015 | 10:41am ET
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…