Millburn Ridgefield Corp. was named the global manager for a new fund offering from Catalyst Funds that will trade under the tickers DCXIX, DCXAX and DCXCX.
The fund previously was named the Catalyst Hedged Commodity Strategy and had a different strategy and manager.
New York-based Millburn’s investment approach combines substantial market experience — including live trading through many market cycles and periods of historical stress — with a rigorous approach to quantitative analysis, officials added.
“As a firm with more than 50 years’ experience in the commodity and macro space, we believe the 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, have potentially set the stage for meaningful, sustainable price moves,” said Barry Goodman, Millburn’s co-CEO and executive director of trading.
The firm’s view is there is a compelling opportunity for Millburn’s quantitative approach to active trading, security selection and risk management in the natural resource and resource disruption space, he added.
CIO of Catalyst Funds, David Miller, said that he believes this is an opportune time for the firm to offer a distinct commodity strategy “from a manager that has a deep understanding of the asset class and systematic investment strategies.”