(updated with correction)
Clark Jones joined Simple Alternatives as a portfolio manager for the firm’s S1 Fund, an $80 million long/short equity hedge fund-of-funds mutual fund.
Mr. Jones’ position is new, part of an expansion of the company’s investment team, said William Conboy, a Simple Alternatives spokesman. Mr. Jones will work with the S1 Fund’s investment team on hedge fund manager allocation and risk management.
Mr. Jones was a senior analyst at Tudor Investment Corp., a multistrategy hedge fund manager. Patrick Clifford, a Tudor spokesman, confirmed Mr. Jones’ departure but declined to comment on a replacement.