Militia Long/Short Equity ETF (ORR)
NASDAQ (NMS) NASDAQ (NMS) Primary 
ORR: A Long/Short Hedge Fund Disguised As An ETF
Militia Long/Short Equity ETF offers retail investors access to a diversified, actively managed global long/short equity strategy, typically reserved for hedge funds. ORR's early performance is strong, with a 31.63% return since inception and a low portfolio beta of 0.43, despite high gross exposure. The fund employs a sophisticated portfolio construction, balancing global long positions with index and structural shorts for factor diversification.
ORR: A Hedge Fund In ETF Clothing, Convincing Buy Opportunity
The Militia Long/Short Equity ETF is rated a buy for its differentiated, non-correlated global long/short strategy and strong risk-adjusted returns since inception. ORR has delivered a 47.1% NAV return since January 2025, outperforming the S&P 500 by 2.5x with lower net market exposure and unique geographic tilts. ORR's portfolio is concentrated in Japanese small/mid-cap value, Mexican infrastructure, and U.S. midstream energy, with mechanical index shorts providing a 0.5 beta hedge.
ORR: Review Of Long-Short ETF After One Year In The Market
Militia Long/Short Equity ETF has delivered a stellar return in its first year, outperforming SPY by over 21%. ORR's long portfolio emphasizes major growth stocks, MLPs and Latin American airports, while its shorts target high-yield equity ETFs, U.S. small caps and BDCs. Despite a headline 14.19% expense ratio, costs are driven by shorting high-yield instruments that have persistently underperformed.
Oriole Resources unearths significant gold results from Mbe drilling
Oriole Resources PLC (AIM:ORR) released first drilling results from the MB01-N target at its Mbe gold project in Cameroon, where the first two holes from its 2,950 metre maiden diamond programme have returned significant gold intersections. "Results from the first two holes at the MB01-N target have delivered tremendous substantial widths of gold mineralisation and, as seen at the nearby MB01-S deposit, include some high-grade veins.
Oriole Resources sees important milestone, confirming Bibemi gold project's potential
Oriole Resources PLC (AIM:ORR) has unveiled an amended technical report for its Bibemi gold project in Cameroon, including an in-house preliminary economic assessment to support its exploitation licence application. It outlines a seven-year open-pit mine producing an average of 10,000 ounces of gold per year.
Oriole Resouces kicks off new drilling at Mbe gold project
Oriole Resources PLC (AIM:ORR) told investors that it has begun a 2,950-metre maiden drilling programme at the MB01-N target, within its Mbe gold project in Cameroon. The work follows the recently announced maiden JORC resource at the nearby MB01-S deposit.
Oriole Resources was well-backed for new gold drilling plans in Cameroon - ICYMI
Oriole Resources PLC (AIM:ORR) this week raised new capital to accelerate exploration at its gold projects in Cameroon. The company announced it had completed a £1.8 million placing and launched a £200,000 retail offer through the Winterflood Retail Access Platform.
Oriole Resources gets a greenlight at Bibemi gold project
Oriole Resources PLC (AIM:ORR) told investors it has secured approval of its Environmental and Social Impact Assessment for the Bibemi gold project in Cameroon. The approval from the Ministry of Environment follows stakeholder engagement and the submission of an updated ESIA report in October.
Oriole Resources raises £1.8m to fund next phase of gold exploration
Oriole Resources PLC (AIM:ORR) has conditionally raised £1.8 million through a placing of 750 million new shares, priced at 0.24p, with proceeds to fund exploration at its gold assets in Cameroon during the 2025/26 field season. Funding will support a step-out drilling programme at the MB01-S deposit on the Mbe licence, soil sampling on nearby Eastern CLP licences, and technical studies at the Bibemi project to support an exploitation licence application.
Oriole Resources enjoyed an "absolutely stupendous" result at the Mbe gold project - ICYMI
Oriole Resources PLC (AIM:ORR) earlier this week announced a maiden mineral resource estimate of nearly 900,000 ounces of contained gold at its Mbe South project in Cameroon. Speaking to Proactive, chief executive Martin Rosser said the result demonstrated the potential for Cameroon to host large gold deposits and underpinned the company's broader licence position.
Militia Long/Short Equity ETF: This Hedge Fund-Style Investment Is Off To A Good Start
The Militia Long/Short Equity ETF offers retail investors access to a hedge fund-style, global long/short equity strategy managed by David Orr. ORR has delivered strong performance (+24% since inception), but its high stated expense ratio (14.19%) is largely an accounting artifact of short selling. The fund focuses on foreign value/growth longs and U.S. ETF shorts, aiming for low correlation and volatility compared to broad equity markets.
Oriole Resources publishes maiden resource at Mbe gold project
Oriole Resources PLC (AIM:ORR) has published a maiden JORC-compliant Mineral Resource Estimate for the MB01-S zone at its 90%-owned Mbe gold project in Cameroon. Independent consultant Forge International has estimated an Inferred resource of 24.8 million tonnes, grading 1.09g/t, for 870,000 ounces of contained gold.
