Friday, 22 May 2015
Last updated 3 hours ago
May 11 2011 | 10:41am ET
California-based Orinda Asset Management has launched a multi-manager hedged equity mutual fund.
The fund seeks long-term capital appreciation with an emphasis on risk-adjusted returns and reduced volatility compared to traditional broad-based equity market indices. Assets will be allocated among hedged equity managers employing various long/short equity strategies.
Hedge fund advisory firm SkyView Investment will assist Orinda with manager selection, portfolio construction and risk management for the Orinda Multi-Manager Hedged Equity Fund.
“While long/short equity investing has existed for decades, the ability to access this approach with experienced hedge fund managers in a multi-manager construct has historically been limited to high-net-worth and institutional investors. Given the increased desire for greater transparency, daily liquidity and regulatory oversight by all investors, we are very excited to offer an institutional caliber multi-manager hedged equity mutual fund, and to be partnering with the team at SkyView,” said Lawrence Epstein, chief investment officer for Orinda Asset Management.
Orinda specializes in alternative investment strategies in a mutual fund format.
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…