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 |
|
Monday, February 2, 2015 Catalyst Triples and Plans More Alts Catalyst Funds [profile] just launched another liquid alternative mutual fund, and more are on the way. That expansion comes after a big growth year for the firm. Jerry Szilagyi, CEO of the Huntington, New York-based mutual fund shop, confirms that he has another liquid alt fund in registration, launching as early as next month. That fund will involve the conversion of a long/short credit hedge fund into a mutual fund. "We continue to look to new products, particularly on the liquid alternatives side," Szilagyi tells MFWire. "We're continuing to build out our infrastructure." Last month Catalyst debuted its 25th mutual fund, the Catalyst MLP and Infrastructure Fund, which focuses on the general partners of master limited partnerships (MLPs). And Szilagyi is expanding his sales force, too. The product and headcount expansions come after a big AUM growth year for Catalyst. The shop started 2014 with about $500 million in assets under management, Szilagyi says, and tripled to more than $1.5 billion before 2015 came rolling around. Printed from: MFWire.com/story.asp?s=50740 Copyright 2015, InvestmentWires, Inc. All Rights Reserved |