Orinda Asset Management has launched the Orinda Multi-Manager Hedged Equity Fund, a fund that seeks long-term capital appreciation with an emphasis on risk-adjusted returns and reduced volatility.
To assist in the selection of the hedged equity managers in which the fund will invest, and in portfolio construction, Orinda has selected SkyView Investment Advisors to act as sub-advisor.
“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,” said Lawrence Epstein, chief investment officer at Orinda. “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 hedge equity mutual fund, and to be partnering with the team at SkyView.”
Steve Turi, chief investment officer at SkyView, said, “We are delighted to work closely with Orinda Asset Management, and to extend our expertise in manager selection, portfolio construction and risk management for long/short equity strategies to a mutual fund format. We believe the convergence of traditional and alternative approaches to money management will accelerate the appeal of this type of fund to both experienced alternative investment managers and a broader investor universe.”