Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Portfolio > Alternative Investments > Hedge Funds

Orion Creates New Fund of Funds

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NEW YORK (HedgeWorld.com)–Orion Capital Management LLC announced the creation of a new fund of funds, which will pursue a macroeconomic investment strategy for both institutional and high-net-worth individual investors.

Orion Capital has managed the assets of the Dr. Henry Kaufman Family LLC and the Henry & Elaine Kaufman Foundation since 1997. The Kaufman Family LLC has an internal hedge fund of funds, and the Henry & Elaine Foundation mirrors its investment decisions.

Peter M. Rup will head the Orion Constellation Partners LLC. He will also remain as co-director of investments for the Kaufman family funds, which produced annualized returns during the three-year period ending Sept. 30, exceeded 12.25%, net of all fees.

“At the end of last year,” Mr. Rup said, “Henry, decided to allow me to invest money from outside the family, calling and replicating the strategies we have used for the family funds.”

Henry Kaufman was managing director of Salomon Brothers Inc. in the 1980s, and the head of that firm’s fixed-income products department. After leaving Salomon, he created Henry Kaufman & Co., which managed approximately US$1 billion in fixed-income products for Asian investors. In 1996, Mr. Kaufman retired from investment management, and in 1997 he asked Mr. Rup to work for his family office.

Mr. Rup was the principal of his own hedge fund management company from 1993 to 1997, where he developed a top-down hedge fund management style that he compares with that of Paul Tudor Jones.

Despite his role as a catalyst and, to some extent, inspiration: Mr. Kaufman has no economic interest in Orion Capital or Orion Constellation.

[email protected]

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.