Simple Alternatives Vet Readies Socially-Responsible Hedge Fund

Oct 1 2013 | 1:33pm ET

A former Simple Alternatives managing partner is set to launch a socially-responsible fund of hedge funds.

Bruce MacDonald, who left Simple Alternatives yesterday, opened Crayna Capital today. The firm plans to introduce a commingled mission-based product in the first quarter, MacDonald told Pensions & Investments. He added that he's already received some interest from institutional investors.

In addition to managing the hedge fund, Crayna will offer investment consulting services, building customized strategies for clients based on social, governance and environmental objectives, he said.

At Simple Alternatives, MacDonald was co-manager of its long/short equity absolute-return mutual fund with CEO James Dilworth, who will now run the fund on his own.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...