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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

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

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...