RIDGEFIELD, CT -- (Marketwired) -- 06/17/13 -- 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 (NASDAQ: SONEX) is a multi-manager, long/short equity mutual fund.
"Bruce Garelick and Alexander Fodor are both very impressive long/short equity managers," said Simple 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 as 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 alternative investment strategies to a wide range of investors, with the benefits of daily liquidity, high transparency and low investment minimums.
For more information on Simple Alternatives, LLC and the S1 Fund please visit www.simplealternatives.com
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