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.”


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...