MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, June 20, 2013 Shop Brings Another Hedge Fund into '40 Act Country Another hedge fund has been shepherded into '40 Act territory, thanks to Catalyst Capital Advisors. The firm, headed by chief executive Jerry Szilagyi, filed with the SEC for permission to launch the Catalyst Hedged Futures Fund. The objective of the fund is capital appreciation and capital preservation in all market conditions, with low volatility and low correlation to the US equity market. It aims to accomplish this by buying and selling options and option spreads on stock index futures. In this way, the managers plan to profit in three ways, premium collection, volatility trading, and trend following under certain circumstances. The strategy has a seven year track record as a hedge fund. Since its December 2005 inception date, the fund has generated an average annualized return of 21.51 percent with no down years compared to a 3.84 percent annualized return for the S&P 500 Index. The move follows Catalyst's recent hiring of George Amrhein as head of business development. The firm is also seeking internal and external wholesalers. Szilagyi told MFWire that Catalyst is continuing research on expanding its product line, including hedge funds for transition into '40 Act land:
Catalyst is marketing these funds as products that offer hedge strategies with lower minimums, more liquidity and daily transparency. Printed from: MFWire.com/story.asp?s=44427 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |