Monday, 27 April 2015
Last updated 28 min 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.”
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…