Calif. Firm Debuts Long/Short Hedge Fund

Nov 26 2008 | 4:13am 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.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...