Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Simple Alternatives Manager Launching FoHF

Sep 30, 2013
Jing Chen

The former manager of Simple Alternatives is launching his own fund of hedge funds firm.

Pensions & Investments reported that Bruce S. MacDonald’s Crayna Capital will open on Tuesday and will launch a commingled mission-based hedge fund in the first quarter of 2014.

Crayna also plans to offer customized strategies, in which it will either serve as a manager or consultant depending on the client’s needs.

MacDonald was a managing partner at Simple Alternatives and also managed the firm’s long/short equity hedge fund mutual fund.

 

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