The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A 21-Fund Firm Expands a $2.9B-AUM Relationship Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 4, 2021

A 21-Fund Firm Expands a $2.9B-AUM Relationship

Reported by Neil Anderson, Managing Editor

The folks at a 15-year-old mutual fund firm are deepening a $2.9-billion-AUM relationship.

Jerry Szilagyi
Catalyst Capital Advisors LLC
President, CEO, Co-Founder
On Tuesday, David Miller, chief investment officer of Huntington, New York-based Catalyst Capital Advisors' [profile] Catalyst Funds, confirmed that New York City-based Millburn Ridgefield Corporation has become the subadvisor on the Catalyst Hedged Commodity Strategy Fund. The $13.3-million-AUM mutual fund, which will reach its six-year anniversary on September 30, has been rebranded as the Catalyst/Millburn Dynamic Commodity Strategy Fund.

The rebranded fund is now PMed by a trio of Millburn executives: Harvey Beker, chairman; Barry Goodman, co-CEO and executive director of trading; and Grant Smith, co-CEO and CIO. The fund was previously PMed by Catalyst's own Kimberly Rios and Miller.

The Catalyst and Millburn folks have already worked together for more than four years: Millburn has been subadvising the Catalyst/Millburn Hedged Strategy Fund (also with Smith, Goodman, and Beker PMing) since it launched in December 2015. That fund now has $2.9 billion in AUM.

"This is an opportune time for us to offer investors a distinct commodity strategy from a manager that has a deep understanding of the asset class and systematic investment strategies," Miller states.

Goodman puts Millburn's taking over of the commodity strategy fund in the context a "recent confluence of factors, including the injection of liquidity by central banks and governments, ramp-ups in infrastructure spending, and the increasing adoption of ESG policies."

Editor's Note: A prior version of this story gave the wrong age for the fund formerly known as the Catalyst Hedged Commodity Strategy Fund. The fund's sixth anniversary is coming up in September. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use