Catalyst Capital Says Don't Blame Us for Stock Market Swings
- Volatility fund, down 13.5% in 2016, exited losing call trades
- Short gamma runs into trouble as S&P 500 rises seven days
Traders Tune Out Political Risks: Is a Reckoning Ahead?
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Catalyst Capital Advisors LLC, the $5.8 billion fund firm whose travails briefly transfixed Wall Street this week, says it’s not the reason for recent swings in U.S. stocks.
The Huntington, New York-based multi-strategy investment firm exited short positions in S&P 500 calls as markets turned against them over the last few weeks, but the trading was too little to move the market, according to Jerry Szilagyi, chief executive officer and co-founder of Catalyst. Desks have been rife with speculation that forced buying by Catalyst contributed to the market’s buoyancy in recent sessions.