The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Liquid Alts Shop and Its ETF Sibling Are Hunting Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 21, 2017

A Liquid Alts Shop and Its ETF Sibling Are Hunting

News summary by MFWire's editors

A mutual fund industry entrepreneur is building out the teams at two of his firms, and he's also looking for more asset manager allies.

Jerry Szilagyi, head of both Catalyst Funds [profile] and Strategy Shares, confirms that both firms are hiring and are hunting for subadvisors.

"We're looking at potentially bringing in some new subadvisors" at Catalyst," Szilagyi tells MFWire.

Catalyst specializes in liquid alternatives. When it comes to acquisitions and adoptions, Szilagyi is particularly interested in "alternative income strategies", as well as macro strategies, unique long-short equity strategies (like long-short international), and "risk premia systematic type strategies." Catalyst and two of its siblings, AlphaCentric Funds and the Rational Funds, have all done hedge fund conversions where Catalyst turns an existing hedge fund into a liquid alt open-end mutual fund or a closed-end interval fund and becomes the investment advisor to the fund. The fund then hires the old hedge fund shop as the subadvisor.

"We've found that to be a very effective way at building out alternative strategies," Szilagyi says. "We find a manager and a fund that already has a successful strategy and track record, a real money track record with a process in place."

"We have a couple things we're working on that could be signed by the end of the month," Szilagyi adds.

At Catalyst's fourth sibling, Strategy Shares, Szilagyi is "looking at expanding and launching new ETFs, both in-house but also as a private-label platform for other sponsors that want to be in the platform." Strategy Shares would be the advisor to those ETFs, but they're open to working with outside subadvisors interested in the ETF space.

Szilagyi confirms that he's "looking to expand the team" at Strategy Shares. He's also hiring at Catalyst, too.

"We've been expanding across the board," Szilagyi says. "We're probably looking to expand in risk management as well as operations. We've been expanding our marketing and sales team. We just brought in a technology marketing person, a web designer."

The four firms do have "some shared infrastructure," including a single compliance team, Szilagyi says. Yet they are "separate and distinct companies with different ownership, different distribution." Catalyst has more 60 people and more than $6 billion in AUM. AlphaCentric has about 30 people and about $1.5 billion in AUM. And Rational has about a dozen people and about $200 million in AUM. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. MFDF Director Discussion Series - Open Forum via Zoom, December 7
  2. 2022 MMI Leadership Pathway Seminar, December 7
  3. 2022 Samfund Annual Celebration, December 7
  4. IMEA In Session - Cyber Security Trends, December 8
  5. U.S. Securities and Exchange Commission Investor Advisory Committee meeting, December 8
  6. MFDF webinar - Investment Valuation and Governance: Deloitte's 20th Annual Fair Valuation Pricing Survey, December 8
  7. Women in ETFs Philadelphia - Holiday Happy Hour With Project Home, December 8
  8. MMI webinar - Defining & Stimulating the Client Experience, December 9
  9. US SIF media webinar: US Sustainable Investing Trends 2022, December 12
  10. Vett Fi Advisor Perspectives Investment Insights Summit 2022, December 13
  11. IDC webinar - Spotlight on the SEC's Swing Pricing and Hard Close Proposals, December 14
  12. 2022 MMI Webinar Sponsored by the MMI Blockchain Finance Forum: Digital Asset Classification, December 14
  13. WE Boston: Annual Give Back Event 2022, December 14
  14. MFDF In Focus: Closed-End Fund Activism, December 14
  15. Crane Data's Money Fund University, Dec 15-16
  16. Crane Data's Holiday Cocktail Party, December 15
  17. MFDF webinar - Impact of 2022 Mid-Term Elections on the Financial Industry, January 10, 2023
  18. IDC's Foundations for Fund Directors, January 11 - 12, 2023
  19. MFDF 2023 Directors' Institute, January 23 - 25, 2023
  20. Exchange: an ETF Experience, February 5 - 8, 2023
  21. 8th Annual Expect Miracles in Manhattan, February 16, 2023
  22. MFDF webinar - Fund Industry Claims Trends: An Insurer's Perspective, March 1, 2023
  23. MFDF 2023 Fund Governance & Regulatory Insights Conference, March 9 - 10, 2023
  24. Crane Data's Bond Fund Symposium, March 23 - 24, 2023
  25. 2023 MMI Summit, March 29 - 30, 2023
  26. 34th Sub-Advised Funds Forum, April 3 - 4, 2023

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use