Let there be light

Richard Harwood, chief executive officer of Theta Enhanced Asset Management, says he expects investors will apportion their more conservative equity money to Orchard Funds.

The Dublin-listed UCITS portfolio uses a mixture of core long equity holdings — currently around 38% the fund’s assets — and non-geared structures using options and futures on single stocks and indices to refine the strategy aiming to return 10% to 12% net annually.

About 300 stocks are screened using various criteria to redu