David Orr serves as founder, CEO, and Chief Investment Officer of Militia Capital, bringing an unconventional background as a former professional poker player from Thailand to institutional investment management. This unique background has influenced his analytical approach to markets and risk management, contributing to exceptional performance since the fund's 2020 inception. Orr has been recognized by industry observers as possessing 'generational talent' and described as 'one of the best discretionary investors active today' by Sam Lee. His leadership has guided the organization's expansion from a single hedge fund to multiple investment vehicles including the successful launch of the Militia Long/Short Equity ETF in 2025. Under his management, the flagship hedge fund has achieved over 1,000% net returns while maintaining negative correlation to broader markets.

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Militia Capital employs a global long/short equity strategy focused on meticulous fundamental analysis to identify overlooked, off-the-beaten-path investment opportunities. The approach actively avoids groupthink by disregarding sell-side research and social media trends, instead conducting independent research to find market inefficiencies. The strategy targets investments with expected annual returns above 12%, balancing earnings yield and growth potential. On the short side, the fund targets value traps - companies that appear cheap but face fundamental challenges, often heading towards bankruptcy. The portfolio maintains approximately 200 positions with disciplined sizing of long positions around 3% and shorts around 0.5%, operating with significant leverage of 255% long and 140% short exposure while maintaining low market correlation.

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