| Harold Ornberg and his team lead a new breed of hedge fund |
LAST YEAR BOUTIQUE hedge fund Orn Capital created a European distressed-debt hedge fund, the only one active that is purely dedicated to Europe. The fund is Orn Capital’s third, and fund of funds managers are singing its praises. Other funds include its core merger arbitrage strategy and a value event (long/short equity) fund.
Swede Harald Orneberg created Orn Capital in 1999. Since then, the total size of assets under management has grown to $324.5
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