Innovative fund group actively seeks hedge funds for conversion
Catalyst Funds is a USD 6.4 billion fund group, founded in 2006, and is actively seeking hedge funds to convert into mutual funds. Catalyst CIO and senior portfolio manager David Miller explains that his firm has so far converted nearly a dozen hedge funds to mutual funds.
“We started converting hedge funds into mutual funds in 2012,” he says. “The initial driver was that we met a manager with a strong long-term track record in M&A but not much background on the marketing side. After that conversion our firm developed an expertise in working with hedge fund managers on this process.”