Huntington, New York-based Catalyst Funds has launched a macro mutual fund.
Al Procaccino serves as senior portfolio manager and Korey Bauer as portfolio manager for the Catalyst Macro Strategy Fund which is sub-advised by Castle Financial & Retirement Planning Associates, a New Jersey corporation.
The fund will invest in equity securities with market capitalizations over $200 million as well as fixed-income securities including U.S. Treasury securities, corporate bonds, foreign fixed-income securities and those of emerging markets.
Based on market conditions, investments may take a long or short position in assets such as individual stock options, index options, financial futures and exchange traded funds (ETFs). These investment decisions will be made based on opportunities that offer a high probability of return, or alternatively those that provide a high degree of safety during uncertain market conditions.
The Catalyst Macro Strategy will also focus on companies involved in corporate events including spin-offs, share buybacks and corporate insider trading activity.
The new fund “brings together many of Catalyst’s successful investing approaches which we believe is a recipe for a winning strategy,” said Jerry Szilagyi, CEO of Catalyst Funds, in a statement.
Catalyst Funds currently offers 17 funds through a team of in-house portfolio managers and boutique institutional investment management partners.