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.”