Orinda's Mutual Fund Family Reaches Two ... and Growing
Reported by Tommy Fernandez
Craig Kirkpatrick and his team at Orinda Asset Management has launched its second mutual fund in partnership with SkyView Investment Advisors LLC, this time a multi-manager macro fund called Orinda SkyView Macro Opportunities Fund. The MFWire first introduced Orinda in May 2011.
SkyView, as lead sub advisor to the fund, will assist Orinda in manager selection, portfolio construction and risk management.
The fund will be distributed by Quasar Distributors, LLC.
This is the second product coming out of this partnership, with the first product being the Orinda Multi-Manager Hedged Equity Fund,, a long/short equity multi-manager, mutual fund.
For more information, please read the press release below:
Company Press Release
Orinda Asset Management Launches Multi-Manager Macro Opportunities Mutual Fund
SkyView Investment Advisors Appointed as Lead Sub-advisor
ORINDA, Calif., Sept. 18, 2012 -- Orinda Asset Management LLC, an independent, privately-held asset management firm, announced today the launch of the Orinda SkyView Macro Opportunities Fund (Tickers: OMOIX and OMOAX). The Fund provides investors the opportunity to invest in an institutional-caliber multi-manager mutual fund with the potential to generate positive absolute returns across different market environments.
Orinda Asset Management believes that macro investing is a highly opportunistic strategy that incorporates the ability to exploit changes in the macroeconomic landscape through equity, bond, currency and futures markets. By allocating Fund capital among a selective group of experienced, alternative investment strategy portfolio managers as sub-advisors to the Fund, investors have the opportunity to access a number of benefits, including:
effective portfolio diversification to major market indices, as well as traditional portfolio investment opportunities;
the potential to generate positive returns across market cycles;
access to a distinctive multi-manager mutual fund offering including daily liquidity, transparency, 1099 reporting, and modest investment minimums; and,
a fair, competitive and explicit fee structure with no embedded performance incentive fees.
"In order to effectively diversify client portfolios, advisors are seeking access to strategies that have the ability to generate competitive returns across market cycles, with the potential for low correlation to traditional equity and fixed income indices," said Lawrence Epstein, chief investment officer for Orinda Asset Management. "In addition, they understand the value of accessing skilled managers who employ strategies that focus on downside risk as well as generating positive absolute returns across market cycles, rather than solely seeking to outperform an index or peer group. Our new fund provides investors access to a sophisticated alternative investment strategy with the benefits of a mutual fund structure."
To assist in manager selection, portfolio construction and risk management, Orinda Asset Management has again selected SkyView Investment Advisors LLC, an experienced, institutional multi-manager hedge fund advisory firm, to act as the lead sub-advisor to the Fund.
"As countries deal with the persistent global economic dislocations there will be potential opportunities created across asset classes for skilled managers to make money," said 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."
Orinda Asset Management is pleased to launch their second mutual Fund with SkyView as the lead sub-advisor, building on the success of the Orinda Multi-Manager Hedged Equity Fund (OHEIX and OHEAX), a long/short equity multi-manager, mutual fund offering.
About Orinda Asset Management
Orinda Asset Management (www.orindafunds.com) is an independent investment management firm that specializes in offering alternative investment strategies in a mutual fund format to the professional investment advisor community. Founded by a team of seasoned investment professionals with a long track record in the financial services industry, the Firm utilizes a disciplined process to identify suitable alternative investment strategies, as well as to identify and partner with experienced hedge fund managers to implement these strategies in a mutual fund construct.
SkyView Investment Advisors (www.skyviewadv.com) is an independent investment advisor, specializing in providing alternative investment advisory services and customized multi-manager solutions. The Firm's senior professionals bring significant experience with the complementary skills necessary to analyze both risk and opportunities available across various investment strategies.