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

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...