Orinda Asset Management, an independent, privately-held asset management firm, has launched the Orinda SkyView Macro Opportunities Fund (OMOIX and OMOAX), a multi-manager hedge fund offering.
The fund is subadvised by SkyView Investment Advisors and the underlying managers in the fund include: 2100 Xenon Group, Battenkill Capital Management, Crescat Portfolio Management and Sunrise Capital Partners. It charges management fees of 230 basis points for both Class A and Class I shares.
"As countries deal with the persistent global economic dislocations there will be potential opportunities created across asset classes for skilled managers to make money," stated Steven Turi, chief investment officer for SkyView Investment Advisors. "We believe our multi-manager approach along with the types of managers we have selected offers investors the potential for diversification benefits across asset classes as well as investment styles."
This is the second time that Orinda has teamed up with SkyView to launch an alternative mutual fund. The pair last year launched the Orinda Multi-Manager Hedged Equity Fund (OHEIX, OHEAX), a long/short equity multi-manager, mutual fund offering.