Wednesday, 29 July 2015
Last updated 11 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…