Auctos Hedge Fund to be Converted into a Mutual Fund and SMA Business to Function as a Subsidiary of Catalyst
Huntington, NY - July 28, 2015 – Catalyst Funds, an alternative-focused mutual fund company, today announced the acquisition of Auctos Capital Management, LLC. Under the terms of the deal, Catalyst will convert the Chicago-based firm's hedge fund, which employs a managed futures strategy, into a mutual fund and will assume the separately managed accounts (SMA) business, which will function as a subsidiary of Catalyst.
"In adding Auctos' products to Catalyst's portfolio, we are expanding our investment management and research capabilities," said Jerry Szilagyi, CEO of Catalyst Funds. "With this transaction, Catalyst is bringing a successful managed futures strategy to the retail market. This strategy is another example of our ?intelligent alternative' investment approach and we're proud to add the accomplished Auctos investment team to the Catalyst family."
The acquisition adds five employees to Catalyst's roster, including Kevin Jamali, president of Auctos, who will continue as portfolio manager of the Catalyst/Auctos Managed Futures Multi-Strategy Fund and President of the Auctos subsidiary. The Fund is scheduled to convert on July 31. The team, which includes two PhDs, will remain based in Chicago. The SMA investment products will continue to operate under the Auctos name.
"We are thrilled to join the Catalyst team and to bring our investment strategy to the retail marketplace," commented Jamali. "With this transaction, we're able to better support our products with Catalyst's vast operational and distribution infrastructure."
Catalyst offers a range of strategies and liquid alternative products in mutual fund form. The Catalyst family of funds encompasses a wide spectrum of investment approaches, including: dynamic equity, hedged strategies, alternative income and global equity. The company currently offers 24 distinctive funds including the Catalyst Insider Buying Fund (INSAX) and the Catalyst Hedged Futures Strategy Fund (HFXAX), which is one of three hedge funds that Catalyst has already converted into a mutual fund product.
To learn more about Catalyst Funds and its various products, please visit: www.catalystmf.com.
About Catalyst Funds
Catalyst Funds currently offers 25 distinctive funds that provide various strategies with the goal of producing income- and equity-oriented returns while seeking to control risk and volatility. Catalyst offers these exclusive strategies through a team of in-house portfolio managers and boutique institutional investment management partners. The firm strives to provide innovative strategies to support financial advisors and their clients in meeting the investment challenges of an ever changing global market environment.
There is no assurance that any Fund will achieve its investment objective.
Please consider the Fund’s 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 866-447-4228. Please read the prospectus carefully before investing. The Catalyst Funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC.