Simple Alternatives Launches Mutual Fund Of Hedge Funds

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.


In Depth

Direct Lending: What’s Different Now?

Mar 14 2017 | 8:43pm ET

Senior direct lending funds have become riskier over the past four years, with leverage...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of