Launches & Closures

New Gemini equity long/short vehicle from Orchard Capital


Hong Kong-based Orchard Capital Partners, with almost $400 million in assets, has rolled out the Gemini equity long/short fund. While launch size was not disclosed, market sources said the fund could reach $500 million in two to three years.

The firm rolled out an equities fund for an outside investor in November, a month after being set up, and Gemini follows its plans to have equities make up about half of its business.

Orchard has been laying the groundwork for this by bringing in seasoned portfolio manager Alex Lin last year, to make sure that its investment team members