] just launched another liquid alternative mutual fund, and more are on the way. That expansion comes after a big growth year for the firm.
, CEO of the Huntington, New York-based mutual fund shop, confirms that he has another liquid alt fund in registration, launching as early as next month. That fund will involve the conversion of a long/short credit hedge fund into a mutual fund.
"We continue to look to new products, particularly on the liquid alternatives side," Szilagyi tells MFWire
. "We're continuing to build out our infrastructure."
Last month Catalyst debuted
its 25th mutual fund, the Catalyst MLP and Infrastructure Fund
, which focuses on the general partners of master limited partnerships (MLPs). And Szilagyi is expanding
his sales force, too.
The product and headcount expansions come after a big AUM growth year for Catalyst. The shop started 2014 with about $500 million in assets under management, Szilagyi says, and tripled to more than $1.5 billion before 2015 came rolling around.
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