Simple Alternatives, an alternative mutual fund company focused on providing investors access to hedge fund managers, has added two new advisers to its ranks.
Bruce Garelick of Garelick Capital Partners and Alexander Fodor of Sonica Capital will act as sub advisers to the S1 Fund, which is a multi-manager, long/short equity mutual fund.
“Bruce Garelick and Alexander Fodor are both very impressive long/short equity managers,” said Simple Alternatives Founder and CEO, James Dilworth. “We believe their unique styles will greatly complement our existing team of managers for the S1 Fund.”
Garelick—who runs his long/short equity fund out of Boston—previously managed the long/short technology portfolio at Adage Capital Management.
Fodor, CEO and CIO of New York-based long/short equity fund Sonica Capital, previously worked at Izara Capital Management, a spin-out of Maverick Capital.
According to the firm, the S1 Fund seeks to provide long-term capital appreciation with an emphasis on absolute returns and low correlation to traditional financial market indices such as the S&P 500 Index. Structured as a mutual fund, the S1 Fund offers direct access to alternative investment strategies to a wide range of investors, with the benefits of daily liquidity, high transparency and low investment minimums.