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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......................

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