|By PR Newswire||
|September 18, 2012 07:30 AM EDT||
ORINDA, Calif., Sept. 18, 2012 /PRNewswire/ -- 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.
A Correlation Coefficient is a measure of the interdependence of two random variables that ranges in value from -1 to +1, indicating perfect negative correlation at -1, absence of correlation at zero, and perfect positive correlation at +1.
The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company and may be obtained by calling 925.253.1300 or by visiting www.orindafunds.com. Read carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. The fund can make short sales of securities, which involves the risk that losses in securities may exceed the original amount invested. The fund may use leverage which may exaggerate the effect of any increase or decrease in the value of portfolio securities or the Net Asset Value of the fund, and money borrowed will be subject to interest costs. Investments in smaller companies involve greater risks such as limited liquidity and greater volatility. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for emerging markets. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. The Fund may use certain types of investment derivatives such as futures, forwards, and swaps. Derivatives involve risks different from, and in certain cases, greater than the risks presented by more traditional investments. Diversification does not assure a profit or protect against a loss in a declining market. Investment in absolute return strategies are not intended to outperform stocks and bonds during strong market rallies. Investments in asset backed and mortgage backed securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments.
The Orinda Funds are distributed by Quasar Distributors, LLC.
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SOURCE Orinda Asset Management LLC