Catalyst Converts Harbor Assets Hedge Fund Into Mutual Fund

Sep 4 2013 | 9:36am ET

Catalyst Mutual Funds has converted Ed Walczak's Harbor Assets hedge fund into the Catalyst Hedged Futures Strategy Fund.

The fund seeks to take advantage of market volatility to provide capital appreciation and capital preservation in all market conditions, with low volatility and low correlation to the U.S. equity market.

“I’m pleased to be able to offer the fund I have been managing for the last seven years to a broader investor base that may benefit from the strategy” said Walczak, founder and senior portfolio manager of the fund, in a statement.

“We are very excited to be able to bring this unique fund into the Catalyst Funds family and to have such an experienced investment professional as Ed Walczak join our team,” said Jerry Szilagyi, president of the Catalyst Funds, in a statement. “I believe there is a growing need in the marketplace for this type of investment.”

Launched in December 2005, the Harbor Assets fund has returned 20.11% (without sales charge) since inception. In 2012, it returned 11%.

Catalyst Funds currently offers 14 distinctive funds through a team of in-house portfolio managers and boutique institutional investment management partners.

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