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Tuesday, June 11, 2013

A Fund Shop Hires a Biz Development Chief

Reported by Tommy Fernandez

Catalyst Capital Advisors has hired George Amrhein to serve as the firm's director of business development.

According to the company, he will upon the firm’s key distribution relationships and manage the continued expansion of its lineup of distinctive mutual funds.

The hiring dovetails with the firm's plans to expand its product line. For example, Catalyst chief executive Jerry Szilagyi noted that last year "Catalyst reorganized an event arbitrage hedge fund with an outstanding 15 year performance history and converted it to the Catalyst Event Arbitrage mutual fund."

“George will play a lead role in bringing additional hedge fund strategies into the Catalyst mutual funds family," Szilagyi said in a statement.

Regarding this product line extension, Szilagyi gave MFWire this explanation:

Catalyst Funds is planning to expand our product line-up of non-traditional strategies which offer returns that are generally not correlated to the traditional equity and fixed income markets. A primary focus is converting existing hedge funds into mutual funds similar to the conversion we did last year of an arbitrage hedge fund into the Catalyst Event Arbitrage Fund. The hedge fund manager joined Catalyst as senior portfolio manager of the mutual fund. The hedge fund conversions allow us to expand our product line with highly desirable strategies while also bringing on top investment manager talent.

Catalyst Funds currently offers 13 funds that provide various strategies with the objectives of producing income- and equity-oriented returns while controlling risk and volatility. They are distributed by Northern Lights Distributors, LLC, member FINRA.

Here is the press release:
Company Press Release

 

Catalyst Hires Business Development Executive to Expand Distribution Relationships and Alternative Strategy Products



New York, NY – June 6, 2013

Catalyst Capital Advisors LLC, the Advisor to the Catalyst family of mutual funds, is pleased to announce the addition of George F. Amrhein, Jr. to its senior management team. Mr. Amrhein joins Catalyst as Director of Business Development to build upon the firm’s key distribution relationships and manage the continued expansion of its lineup of distinctive mutual funds. Mr. Amrhein is an alumnus of the College of the Holy Cross and the Wharton Graduate School of the University of Pennsylvania.

Catalyst intends to expand its lineup of funds that provide access to specialized investment strategies and top portfolio managers with Mr. Amrhein as a member of its management team. “Last year, Catalyst reorganized an event arbitrage hedge fund with an outstanding 15 year performance history and converted it to the Catalyst Event Arbitrage mutual fund”, stated Jerry Szilagyi, the CEO of Catalyst. “George will play a lead role in bringing additional hedge fund strategies into the Catalyst mutual funds family”.

Catalyst Funds currently offers 13 distinctive funds that provide various strategies with the objectives of producing income- and equity-oriented returns while controlling risk and volatility. We offer these exclusive strategies through a team of in-house portfolio managers and boutique institutional investment management partners. At Catalyst, we strive to provide innovative strategies to support financial advisors and their clients in meeting the investment challenges of an ever changing global market environment. Information on the Catalyst Funds can be found at www.CatalystMF.com.

Please consider Funds’ investment objectives, risks, and charges carefully before investing. This and other important information about the Catalyst Funds can be found in the Fund’s current prospectus, which may be obtained by calling your Financial Advisor or shareholder services at 1-866-447-4228. Please read the prospectus carefully before investing. There is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses. The Catalyst Funds are distributed by Northern Lights Distributors, LLC, member FINRA.
 

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