Analysis

Orthogonal Launches SPAC Fund Anchored by Institutional and Individual Investments Exceeding $10 Million

, PR Newswire

Orthogonal is excited to announce the launch of a SPAC-focused vehicle with strategic anchor investments more than $10 million.

The Orthogonal SPAC Advantage Fund employs a next-generation "quantamental" strategy that combines a bottom-up fundamental research approach with top-down quantitative risk controls. Investment insights and trading strategies are informed by Orthogonal's proprietary SPAC database and robust analytics infrastructure and are further enhanced by machine learning-based technologies to identify outperforming SPAC-related investment and arbitrage opportunities.

The anchor investors comprise institutional and individual investors associated with a Chicago-based multi-family office that is an SEC-registered investment adviser. Orthogonal is targeting a raise of $100 million in the coming months.

Dion Chu, Orthogonal's managing principal, said, "This is a unique market with great opportunities for asymmetric alpha generation. We're thrilled to bring our investors diversified exposure to this fast-growing asset class."

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