Fri, Apr 18, 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

Banner
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. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  4. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo

  5. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an