Sat, Mar 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Catalyst seeks permission to convert another hedge fund into a '40 Act mutual fund

Tuesday, June 25, 2013

From Komfie Manalo, Opalesque Asia – Fund manager Catalyst Funds is seeking permission from the U.S. Securities and Exchange Commission to convert another hedge fund into a '40 Act mutual fund.

"We endeavor to bring unique and desirable investment strategies to financial advisors and their clients. In particular, we strive to offer funds with specialized strategies seeking to produce income- and equity-oriented returns that are uncorrelated to the equity and fixed income markets while attempting to limit risk and volatility", Jerry Szilagyi, CEO of Catalyst said in a statement.

In its SEC filing, Catalyst said this would be the second time it would convert a hedge fund into a mutual fund. The firm converted its first hedge fund into the ’40 Act country, the Catalyst Event Arbitrage Fund, last year.

"The mutual fund format offers retail investors access to desirable strategies at lower minimums with daily liquidity that they would not normally have access to in a hedge fund structure," Szilagyi added.

Catalystalso hired George Amrhein to serve as the firm’s director of business development to source other hedge fund conversion opportunities.

When asked for additional information about the new fund, Mr. Szilagyi stated that he could not provide details on the fund becaus......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He