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 |
|
Friday, April 22, 2016 Szilagyi Hunts For More Alts Deals Jerry Szilagyi is on the hunt for deals in the alternatives space.
"We'll continue to look at opportunities to bring unique, successful hedge fund strategies to the retail marketplace," Szilagyi tells MFWire. "In terms of strategies, we're focused on alternative type strategies." He's specifically interested in finding managers with alternative income or alternative international strategies. "We are looking at a few other potential funds," Szilagyi says, adding that there's "nothing to announce at this point." Szilagyi is also willing to consider creating new mutual funds out of strategies without converting the existing hedge funds. Yet he favors conversion. "Our preference is to convert a fund if it's going to be the same strategy," Szilagyi says. "In most cases you can port over the track record and the asses and the customers, instead of starting a fund from scratch with no track record and no assets." Huntington, New York-based Catalyst now has more than $4 billion in AUM and 27 mutual funds. Printed from: MFWire.com/story.asp?s=53880 Copyright 2016, InvestmentWires, Inc. All Rights Reserved |
