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Simple Alternatives launches multi-manager hedged-equity fund

Monday, February 28, 2011
Simple Alternatives, LLC, an institutional alternative investment manager, has announced that it has successfully completed the launch of its S1 Fund (SONEX). The S1 Fund is a multi-manager, hedged-equity alternative mutual fund.

The S1 Fund attracts advisers looking to provide their clients access to its sophisticated, absolute return alternative investment strategies with the benefits of a mutual fund structure, including daily pricing and liquidity, high levels of transparency and low investment minimums.

Simple Alternatives allocates the fund’s assets to sub-advisers who employ various hedged strategies. The objective of the S1 Fund is to seek long-term capital appreciation with an emphasis on absolute (positive) returns and low correlation to equity markets.

In the wake of the recent financial crisis, and as volatility persists, advisers are looking to alternative strategies as a way to manage risk. The flexibility of alternative strategies helps diversify by having low correlation to traditional markets and manage the risk exposure in client portfolios. Further, alternative portfolios are actively managed by professionals who are skilled in using specialized tools and strategies not utilized by long-only managers.

However, many investors have faced barriers to access. Specifically, hedge fund investments are typically structured as private partnerships, requiring investors to have “accredited investor” status and high investment minimums. They also often impose high incentive fees. In addition, the typical lock-up periods and lack of transparency in these investments can make it difficult to manage liquidity and assess underlying risk.

James Dilworth, Simple Alternatives CEO and President said, “The S1 Fund has been designed to remove those roadblocks investors and advisers commonly face when looking at alternative strategies. We are receiving strong market feedback confirming that we are providing the type of product investors and advisors are looking for today.”

“Some of our clients are intensely focused on capital preservation, and at the same time they desire the potential for consistent, positive returns to achieve their investment goals,” said Jeff Rogers, CLSA™, CEP®, the Founder and Chairman of Stewardship Advisory Group. “Due to the mutual fund structure of the S1 Fund, we can now provide our clients with access to premium managers and strategies that previously were out of reach. We especially like the daily liquidity, transparency and accountability that the S1 Fund structure provides for our clients.”

The S1 Fund is registered under the Investment Company Act of 1940, and is managed and advised by a team of leading hedged equity professionals, experienced in managing the assets of endowments, foundations, corporations, pension plans, banks and high net worth individuals. The fund is available on a growing number of the industry’s largest custodial and investment platforms.

(Press release)

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