Sat, Nov 28, 2015
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

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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November