Friday, 19 December 2014
Last updated 5 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.