Tuesday, 5 May 2015
Last updated 2 hours ago
Nov 26 2008 | 3:13am ET
One Laguna Beach, Calif. rookie hedge fund is actually doing what its more established peers are having a hard time with this year: Making positive returns. Channel Islands Capital & Co.’s long/short equity fund, Orissa Partners, debuted in July and is up 4.5% through October.
The fund invests mid- to large-cap stocks in a variety of industries including retail, healthcare, technology, financial, consumer, energy, cyclical and industrials, according to the firm’s marketing brochure. The firm says it analyzes a universe of over 8,000 domestic equities combining company fundamentals, earnings estimates, industry group statistics and corporate data with other technical tools.
Orissa charges a 2% management fee and a 20% incentive with a $500,000 minimum investment requirement. It reported assets under management of $4.6 million as of the end of October. Its prime broker is Alaris Trading.
Channel Islands is headed by Scott St. Clair and David Nesson.
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…