Acquisition to Include Family of Mutual Funds, Variable Annuities, and ETFs
Huntington, NY - September 9, 2015 - Catalyst Funds, an alternative-focused mutual fund company, today announced an agreement to acquire Huntington Asset Advisors (HAA) from Huntington National Bank. Under the terms of the deal, Catalyst and one of its affiliates will assume the company’s portfolio offerings, which include five mutual funds, two variable annuities and two ETFs.
This acquisition expands Catalyst’s fund offerings, and is also the brand’s foray into the variable annuity and ETF markets. HAA’s actively managed mutual funds will operate under the Rational Funds brand while the variable annuities will be rebranded as Catalyst Funds. The ETFs will maintain the Strategy Shares brand with the ability to offer both active and passive strategies.
“The acquisition from Huntington Bank is an important step in the growth of Catalyst Funds,” commented Jerry Szilagyi, CEO of Catalyst Funds. “With it, we are not only expanding our variety of ‘intelligent alternative’ investment funds, but we are also gaining access to the variable annuity and ETF markets. This will enable us to expand our platform of offerings and increase benefits to our shareholders.”
Under Catalyst’s leadership, the mutual funds acquired in the deal will operate as the Rational Funds offering a range of rational-driven strategies supported by academic research and strong quantitative and empirical evidence. Each fund in the Rational Fund family will employ a unique investment strategy focused on both identifying anomalies in the market and resilient businesses that perform consistently well despite market fluctuations. Catalyst intends to expand the variable annuity and ETF product lines by offering some of its current mutual fund strategies as well as new products in those structures.
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 25 distinctive funds including three hedge funds that Catalyst has converted into mutual fund products, the most recent being the Catalyst/Auctos Multi-Strategy Fund (ACXIX).
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. Mutual Funds involve risk including the possible loss of principal.
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. 4617-NLD-9/4/2015