Was The Catalyst Fund Really The Catalyst?
Submitted by Brean Capital's Peter Tchir via Forbes.com,
There was a lot of discussion last week about how the $ 3.5 billion Catalyst Hedged Futures Strategy Fund (ticker: HFXAX) was running the entire stock market.
To be frank it is disturbing to me that a fund of this size could be viewed as the key market driver for even a few days, but the chatter was so prevalent that I felt the need to explore it a bit further.