Liquid alternative mutual fund specialist Catalyst Funds and BNP Paribas partnered to form the BNP Paribas Catalyst Systematic Alpha Index, a risk premia strategy that allocates between seven strategies from BNP Paribas' Quantitative Investment Strategies group. The firms also launched the Catalyst Systematic Alpha Fund, an accompanying liquid alternative fund that provides exposure to the index. The actively managed fund invests in non-exchange-traded, total return swap contracts and a fixed income portfolio, seeking long-term capital appreciation with low correlation via exposure to systematic positions that generate uncorrelated alpha through a multi-risk premia strategy.
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