Launches & Closures People Moves

Former UVIMCO exec to lead new alternative business

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Bruce MacDonald, former director of asset allocation and risk analysis at the University of Virginia Investment Management Company (UVIMCO), is one of three founding partners of Simple Alternatives, a firm that plans on offering a multi-manager, hedge equity alternative mutual fund in October.

As chief investment officer, MacDonald will oversee manager selection and portfolio risk management at the new firm. He joins fund of fund industry veteran Jim Dilworth, founder and CEO of Simple Alternatives. Dilworth, whose past experience includes key roles at Common Sense Investment Management, also has brought on board Josh Kernan, former director of alternative investments