Thursday, 26 November 2015
Last updated 15 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…