Catalyst Partners Readies First Hedge Fund

Sep 27 2010 | 8:22am ET

New York-based Catalyst Partners Management is gearing up to launch its first hedge fund next month.

The new vehicle, the Catalyst Partners Fund, will employ a long/short equity strategy and utilize algorithmic and low-latency trading techniques to achieve the best possible prices, according to founder and portfolio manager Ward Corbett.

“The fund's investment style primarily follows a quantitative systematic approach to build a broad and diversified market neutral portfolio," Corbett told FINalternatives. "We use a proprietary multi-factor econometric model to determine individual stock alpha estimates. The model incorporates both fundamental as well as technical factors in analyzing the most liquid U.S.-listed and over-the-counter U.S. equities. We create reduced volatility and stable returns by managing risk through measurement, management, and control.”

Corbett expects to raise $100 million for the fund in its first year, and says that with the firm's institutional infrastructure it can manage up to $1 billion of assets.
Catalyst will target high-net-worth individuals and institutional investors. The fund charges fees of 1.5% for management and 20% for performance.

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