And then there were two.

Less than two months after narrowing down its list of contestants, Simple Alternatives has found two sub advisors for its multi-manager, long/short equity S1 Fund (SONEX).

The fund announced that it has hired Bruce Garelick of Garelick Capital Partners and Alexander Fodor of Sonica Capital to serve as the new sub advisors.

“Bruce Garelick and Alexander Fodor are both very impressive long/short equity managers,” stated Simple Alternatives founder and chief executive James Dilworth. “We believe their unique styles will greatly complement our existing team of managers for the S1 Fund.”

BGarelick is the founder of Garelick Capital a Boston-based long/short equity fund. He previously managed the long/short technology portfolio at Adage Capital Management The investment process at Garelick Capital Partners is reportedly driven by a meticulous bottoms-up fundamental research process which allows them to focus on stock specific ideas while not being macro dependent or focused on short term volatility.

Meanwhile, Alexander Fodor is the chief executive and chief investment officer of Sonica Capital, a New York-based long/short equity fund. Founded in November 2008, Sonica’s long/short equity strategy has reportedly provided superior risk-adjusted returns since inception, with no down calendar years. Prior to founding Sonica, Alexander worked at Izara Capital Management a spin-out of Maverick Capital. 

Here is the press release:

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Company Press Release

Simple Alternatives Expands S1 Fund Team

Please join us in welcoming Bruce Garelick and Alexander Fodor.

RIDGEFIELD, CT – June 17, 2013 – Simple Alternatives, LLC, a leading alternative mutual fund company focused on providing investors better access to hedge fund managers, announced today the addition of Bruce Garelick of Garelick Capital Partners and Alexander Fodor of Sonica Capital LLC as new sub advisors to the S1 Fund. The S1 Fund (SONEX) is a multi-manager, long/short equity mutual fund.

“Bruce Garelick and Alexander Fodor are both very impressive long/short equity managers,” saidSimple Alternatives Founder and CEO, James K. Dilworth. “We believe their unique styles will greatly complement our existing team of managers for the S1 Fund.”

Bruce Garelick is the founder of Garelick Capital a Boston-based long/short equity fund. Garelick previously managed the long/short technology portfolio at Adage Capital Management, L.P. The investment process at Garelick Capital Partners is driven by a meticulous bottoms-up fundamental research process which allows them to focus on stock specific ideas while not being macro dependent or focused on short term volatility.

Alexander Fodor is the CEO and CIO of Sonica Capital LLC, a New York-based long/short equity fund. Founded in November 2008, Sonica’s long/short equity strategy has provided superior risk-adjusted returns since inception, with no down calendar years. Prior to founding Sonica, Alexander worked at Izara Capital Management, LLC, a spin-out of Maverick Capital. 

“We are delighted to see the continued growth in assets for the S1 Fund,” continued Dilworth. “Our clients are sophisticated advisors who are inspired by our commitment to working with only the highest quality boutique managers.” Dilworth further explained, “They value the fact that our managers run legitimate short books which is a distinguishing advantage in the world of liquid alternatives.”

Through a disciplined investment process that focuses on strategy allocation, manager selection and risk management, the S1 Fund seeks to grow capital regardless of market direction. Financial Advisers use alternative strategies like S1 Fund in a portfolio to add diversification and potential downside protection during market volatility.

About Simple Alternatives, LLC

Simple Alternatives is an investment manager focused on liquid alternative strategies. The company is 100% independent and employee owned. Simple Alternatives’ S1 Fund (SONEX) is a multi-manager mutual fund that utilizes a portfolio of skilled (fundamentally-based) long/short equity managers each of whom brings a unique edge to the portfolio. The S1 Fund (the “Fund”) seeks to provide long-term capital appreciation with an emphasis on absolute (positive) 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 hedge fund managers to a wide range of investors, with the benefits of daily liquidity, high transparency and low investment minimums. 

 

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