Monday, 6 July 2015
Last updated 5 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…