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Komfie Manalo, Opalesque Asia:

Catalyst Funds, a US-based alternative-focused mutual fund company, announced on Wednesday the acquisition of Huntington Asset Advisors (HAA) from Huntington National Bank, effectively expanding its fund offerings and brand’s foray into the variable annuity and ETF markets. Huntington Asset Advisors, also based in the US, manages around $1.9bn in assets.

Under the terms of the deal, Catalyst and one of its affiliates will assume the company’s portfolio offerings, which include five mutual funds, two variable annuities and two ETFs, Catalyst said in a statement.

HAA’s actively managed mutual funds will operate under the Rational Funds brand, while the variable annuities will be rebranded as Catalyst Funds. The ETFs will maintain the Strategy Shares brand with the ability to offer both active and passive strategies.

The acquired mutual funds that will operate as the Rational Funds offering a range of rational-driven strategies supported by academic research and strong quantitative and empirical evidence. Each fund in the Rational Fund family will employ a unique investment strategy focused on both identifying anomalies in the market and resilient businesses tha......................

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