ADM Investor establishes Dublin-listed Ucits option

ADM Investor Services International has established a Dublin-listed Ucits fund that writes options over indices and stocks. The fund complements its existing private client service, managed by Theta Enhanced Asset Management Limited, which performs the same function, segregating accounts around high net worth client portfolios. The new vehicle, called Orchard Funds Limited, aims to hold 50-70 stocks, or options on them, out of the 300 companies it monitors. It is currently using mostly index options as the risks associated with individual equities are disproportionate to returns, ac...