ORINDA, Calif., Sept. 6, 2016 /PRNewswire/ -- Orinda Asset Management (Orinda) is pleased to announce that Ian Goltra, a 25-year Real Estate Investment Trust (REIT) industry veteran, has joined Orinda as a co-portfolio manager for the Orinda Income Opportunities Fund (Ticker: OIOIX).
Prior to joining Orinda, Mr. Goltra was portfolio manager for real estate-based mutual funds with Salient Investment Partners, as well as Kensington Investment Group. Mr. Goltra's career spans 25 years across many different market environments. He has extensive industry experience in the REIT space and adds valuable additional resources to the management of the Orinda Income Opportunities Fund.
Paul Gray, Managing Partner and CIO at Orinda stated, "We are extremely fortunate to have Ian as part of our investment team. Ian's expertise in REITs will strengthen our focus in areas of the real estate securities markets that tend to be underfollowed by the large Wall Street firms. Having worked with Ian for over a decade at my previous firm, Kensington Investment Group, I have a high degree of confidence in his capabilities."
Additionally, Joshua Rowe will move from senior analyst at Orinda to co-portfolio manager of the Orinda Income Opportunities Fund. Mr. Rowe has been an integral part of Orinda's investment research since joining in March 2014. Mr. Rowe came to Orinda from Convergent Wealth Advisors, a large national RIA, where he analyzed and assisted in asset allocation to credit hedge funds and high grade bonds.
Mr. Gray added, "It's an exciting time for Orinda. We believe adding Ian Goltra and elevating Joshua Rowe's role will strengthen our portfolio management process and allow us to take advantage of additional opportunities in our areas of expertise."
Orinda Asset Management is a registered investment advisor which specializes in providing liquid alternative investment strategies in a mutual fund and private fund format for the professional investment adviser community and their clients.
Mutual fund investing involves risk. Principal loss is possible. The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company, and may be obtained by calling 925.253.1300 or by visiting www.orindafunds.com. Read carefully before investing.
The Orinda Income Opportunities Fund is distributed by Quasar Distributors, LLC.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/orinda-asset-management-hires-25-year-reit-industry-veteran-to-join-its-income-portfolio-management-team-300323148.html
SOURCE Orinda Asset Management