Key Takeaways
- • Catalyst Capital Advisors and London-based Aspect Capital launched the Catalyst/Aspect Enhanced Multi-Asset Fund (CASIX), per a Business Wire announcement dated January 24, 2024.
- • The fund combines a long-only 60/40 portfolio, gained through S&P 500 futures and U.S. bond ETFs, with a multi-asset trend-following overlay managed by Aspect.
- • The fund is positioned as a liquid, cash-efficient alternative to a traditional 60/40 allocation, with the trend-following component described as historically non-correlated with stocks and bonds.
- • Aspect Capital serves as sub-adviser, bringing a 25-year systematic investment track record; the fund trades under tickers CASAX, CASCX, and CASIX.
- • The fund is newly formed with no operating history, and the release carries standard risk disclosures, including non-diversification and derivatives risk.
Summary
Catalyst Capital Advisors LLC, an alternative investment solutions provider, and Aspect Capital, a London-based systematic investment manager, announced the launch of the Catalyst/Aspect Enhanced Multi-Asset Fund (CASIX), according to a Business Wire release. The fund is designed as an alternative to a traditional 60/40 portfolio strategy and seeks to capitalize on non-correlated asset classes while providing a highly liquid option for investors.
The fund's structure combines two components. The 60/40 element provides strategic exposure to liquid U.S. equity and fixed-income securities through S&P 500 futures and U.S. bond ETFs. Layered on top is a multi-asset trend-following overlay, which the release describes as historically non-correlated with stocks and bonds. Together, the structure is intended to produce a cash-efficient portfolio with a stated objective of long-term capital appreciation.
Aspect Capital will serve as sub-adviser. Founded by Anthony Todd and Martin Lueck, Aspect has a 25-year history of systematic, quantitative investing. Jerry Szilagyi, CEO of Catalyst Funds, said the firm was impressed by Aspect's breadth of knowledge and said the strategy fits Catalyst's product lineup. He argued that using multiple non-correlated asset classes should produce a more attractive risk-return profile than a traditional 60/40 approach. Anthony Todd, CEO of Aspect Capital, said investors are increasingly seeking diversifying, liquid, and cash-efficient strategies against a challenging economic backdrop.
The fund will trade under three tickers: CASAX, CASCX, and CASIX. Catalyst Funds currently offers 18 funds. The release notes that the Fund is newly formed with no operating history, is non-diversified, and carries derivatives and fixed-income risks. Catalyst Capital Advisors and Aspect Capital are not affiliated with the distributor, Northern Lights Distributors, LLC. Investors are directed to the prospectus for full information on objectives, risks, and charges.
The fund's structure combines two components. The 60/40 element provides strategic exposure to liquid U.S. equity and fixed-income securities through S&P 500 futures and U.S. bond ETFs. Layered on top is a multi-asset trend-following overlay, which the release describes as historically non-correlated with stocks and bonds. Together, the structure is intended to produce a cash-efficient portfolio with a stated objective of long-term capital appreciation.
Aspect Capital will serve as sub-adviser. Founded by Anthony Todd and Martin Lueck, Aspect has a 25-year history of systematic, quantitative investing. Jerry Szilagyi, CEO of Catalyst Funds, said the firm was impressed by Aspect's breadth of knowledge and said the strategy fits Catalyst's product lineup. He argued that using multiple non-correlated asset classes should produce a more attractive risk-return profile than a traditional 60/40 approach. Anthony Todd, CEO of Aspect Capital, said investors are increasingly seeking diversifying, liquid, and cash-efficient strategies against a challenging economic backdrop.
The fund will trade under three tickers: CASAX, CASCX, and CASIX. Catalyst Funds currently offers 18 funds. The release notes that the Fund is newly formed with no operating history, is non-diversified, and carries derivatives and fixed-income risks. Catalyst Capital Advisors and Aspect Capital are not affiliated with the distributor, Northern Lights Distributors, LLC. Investors are directed to the prospectus for full information on objectives, risks, and charges.
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