is grabbing the bull by the horns again in the alt space.
This time, the New York firm has filed
with the SEC
to launch the Catalyst/EquityCompass Share Buyback Fund
The fund will invest in stocks of companies that have announced share buybacks.
According to founder and chief executive Jerry Szilagyi
, the buyback fund is a "'follow-on' to the success we have had with our “Insider” funds which purchase stock of companies where corporate insiders have been purchasing their own company shares."
The product is also being launched in conjunction with the EquityCompass Strategies
which created and maintains a share buyback index currently being used for structured note products, according to Szilagyi. However, the fund will not be following the index, it will be an actively managed version of the share buyback strategy, he told MFWire
Catalyst uses its insider trading strategy
in a number of funds:
Catalyst Insider Buying Fund
(INSAX & INSCX): Large-cap equity focused on companies with significant corporate insider buying
Catalyst Value Fund
(CTVAX, CTVCX & CTVIX): Small/Micro-cap deep value equity using an insider buying research overlay
Hedged and Long/Short funds:
Catalyst Strategic Insider Fund
(STVAX & STVCX): Hedged equity portfolio driven by corporate insider knowledge and complemented by premium income and volatility management from writing covered call options on equity indexes
Catalyst Insider Long/Short Fund
(CIAAX & CIACX): Market neutral Long/Short equity with long positions in companies with significant corporate insider buying activity and short positions in companies with significant corporate insider selling
The launch follows the September unveiling
of the Catalyst Hedged Futures Strategy
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