Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:This Alts CEO Doesn't Worry About Fund Platforms Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, September 17, 2014

This Alts CEO Doesn't Worry About Fund Platforms

Reported by Tommy Fernandez

For many mutual fund CEOs, the the in's and out's of fund supermarket platforms are a daily obsession. Not so for this executive.

Jim Dilworth, chief executive of Simple Alternatives, devotes all of his distribution efforts to institutional allocators, consultants and very high net worth advisor shops to promote the firm's $100 million S1Fund .

"We are solely focused on the fiduciary. We are doing no business with broker-dealers or wirehouses. Our target are institutional allocators who want access to the purest form of hedge fund strategies," Dilworth recently told MFWire.

The S1 Fund is not on any fund supermarket platforms, and likely won't be for the foreseeable future.

Dilworth is slowly, carefully building up the firm's sales organization with the help of former PowerShares chief executive Bruce Bond, who joined Simple Alternatives in December 2013 as a senior partner and head of strategic development and is a minority investor in the firm. The firm currently has seven employees.

"We don't need a ton of people because instead of a taking a shotgun approach to sales, we are targeting our sales efforts like a rifle. When you look at the traditional buyers of mutual funds in the institutional space, there are probably dozen consultants that control a lot of the assets," Dilworth said.

Dilworth's target audience includes large institutional accounts who like to take their time researching assets and have a taste for alt managers who eat their own cooking. The sales process is slow, he says, but the firm is gaining access to incrementally bigger accounts.

"It is a longer sales cycle, but we like spending more time out front to partner with these clients," he said. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use