Monday, 22 December 2014
Last updated 5 hours ago
Oct 6 2010 | 3:46am ET
Newly-formed Simple Alternatives has launched its first product, a mutual fund of hedge funds that aims to live up its name.
The new S1 Fund offers institutional investors access to a concentrated portfolio of between eight and 10 underlying hedge fund managers, but with liquidity terms and fees familiar to mutual fund investors. The new fund, which debuted on Monday, charges just 2.95% and offers daily redemptions without notice.
The S1 fund also features full portfolio transparency.
"Unlike other mutual funds that offer a hedge fund strategy, S1 Fund invests only in institutionally-oriented hedge funds," chief investment officer Bruce MacDonald told Pensions & Investments.
Among the hedge funds in the S1 portfolio are Argonaut Capital Management and Courage Capital Management.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.