Sun, Dec 28, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Connecticut fund of hedge funds, Simple Alternatives launches manager search

Monday, January 21, 2013

amb
Jim Dilworth
Bailey McCann, Opalesque New York

Simple Alternatives, LLC is an institutional alternative investment manager based in Ridgefield, CT. Simple Alternatives is a boutique firm with a concentrated portfolio of strictly long/short equity, favoring smaller managers (read under $500m AUM). "We focus on bottom up, fundamental stock pickers – the Jones model of plain Jane hedge fund managers. We don’t look at any systemic strategies, or anything too exotic," explains Jim Dilworth, CEO and Founder of Simple Alternatives, in an interview with Opalesque.

The firm’s flagship product, the S1 Fund (SONEX) is a multi-manager, hedged equity strategy, in a mutual fund structure. "There’s a secular trend toward using mutual fund structures over limited partnerships," he says. "The fact that Arden, Grosvenor, GSAM and a variety of established FoHF firms are launching funds like this validate the strong demand from financial advisors and a new source of capital for hedge funds."

To that end, the Dilworth is looking to expand S1’s current portfolio of 5 managers, adding a sixth. The firm announced its search for a new manager today. According to Dilworth, Simple Alternatives is looking to allocate between $10-15m to a long/short equity manager with an edge. He explains that they want someone who relies on fundamentals, but also differentiates him or herself with a specific focus such as a given sector or niche.

"We also want managers who c......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hong Kong-Shanghai stock link fails to live up to expectation so far[more]

    Komfie Manalo, Opalesque Asia: In a report, Reuters said that demand has been subdued with the bulk of activities coming from short-term speculative investors. Las

  2. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  3. North America - Why Steve Cohen, Connecticut hedge fund billionaire, gives so much in New York[more]

    From Insidephilantrophy.com: Billionaire Steve Cohen was born in Great Neck, New York before attending Wharton, working on Wall Street and then founding SAC Capital Advisors in Connecticut. Though his company (Point72) and foundation are based in Connecticut, Cohen and Alexandra are deeply connected

  4. Investing - Soros buys a highly speculative biotech in the third quarter[more]

    From Fool.com: …The Soros Fund bought 25,000 shares of the struggling small-cap biopharma Aegerion Pharmaceuticals in the third quarter. For those of you who haven't heard of this name, suffice to say that this was a surprising buy in light of the company's recent problems and poor outlook going for

  5. CFTC Revokes Registrations of Illinois Resident Aleks A. Kins and Chicago-based AlphaMetrix, LLC[more]

    Matthias Knab, Opalesque: The U.S. Commodity Futures Trading Commission (CFTC) today announced that it has revoked the registration of Aleks A. Kins of Chicago, Illinois, as an Associated Person and the registrations of AlphaMetrix, LLC (AlphaMetrix), a Delaware limited liability company with its