Saturday, 20 September 2014
Last updated 1 day 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.