Research

Explore Catalyst Funds | Explore Rational Funds The Macro View: Volatility, Tariffs, and Fed Jitters By David Miller, Co-Founder and Chief Investment Officer, Catalyst Capital Advisors LLC and Rational Advisors, Inc. As we begin Q3 2025, the investing landscape continues to be shaped by three dominant macro forces: persistent trade tensions, evolving interest rate policy, and […]

Most investors intuitively understand the benefits of diversification, but due to a lack of familiarity and perceived complexity with other asset classes, many rely solely on stocks and bonds. As we’ve seen during recent market downturns, these two asset classes don’t always move independently, potentially undermining their ability to provide truly diversified returns.

The state of markets as we enter Q2 2025 continues to be largely driven by geopolitical concerns and changing U.S. policy on tariffs. The bullish news is that the tariffs are largely now priced into the market and there is the potential for a V-shaped recovery if they are to be removed.

In this piece, we surveyed five of our portfolio managers spanning across multiple asset classes to weigh in on what they see as the emerging threats, trends, and opportunities for investors as we enter 2025.

November proved to be a strong month for income-focused investments, with all sectors delivering positive returns despite market volatility.

Even before the post-election rally, Wall Street was growing increasingly worried that the stock market was starting to get ahead of itself. In October, Goldman Sachs strategists cautioned investors to be prepared for stock market returns during the next decade.

In my opinion, true active strategies have a very important role in portfolios as complements to passive, cheap beta. Advisors need to understand what they own.

[vc_row][vc_column css=”.vc_custom_1532034303005{background-color: #ffffff !important;}”][vc_row_inner][vc_column_inner][mk_padding_divider size=”150″][mk_fancy_title size=”40″ force_font_size=”true” size_smallscreen=”40″ size_tablet=”30″ size_phone=”30″ font_weight=”bold” txt_transform=”capitalize” margin_bottom=”0″ font_family=”none”] How to Position Your Portfolio for A Lost Decade for Stocks and Bonds [/mk_fancy_title][vc_column_text css=”.vc_custom_1734009183306{margin-bottom: 0px !important;}”]A fund like MBXIX has the potential to add value to a portfolio during a lost decade.[/vc_column_text][vc_column_text css=”.vc_custom_1734009316859{margin-bottom: 0px !important;}”]October 2024[/vc_column_text][mk_divider style=”thin_solid” margin_top=”0″][vc_column_text css=”.vc_custom_1734009333979{margin-bottom: 0px […]

[vc_row][vc_column css=”.vc_custom_1532034303005{background-color: #ffffff !important;}”][vc_row_inner][vc_column_inner][mk_padding_divider size=”150″][mk_fancy_title size=”40″ force_font_size=”true” size_smallscreen=”40″ size_tablet=”30″ size_phone=”30″ font_weight=”bold” txt_transform=”capitalize” margin_bottom=”0″ font_family=”none”] The Case for Continued Investment in Senior Secured Loans [/mk_fancy_title][mk_divider style=”thin_solid” margin_top=”0″][vc_column_text css=”.vc_custom_1726690983290{margin-bottom: 0px !important;}”]Traditionally, many investors have viewed senior secured loans as a tactical, rate-based trade. However, more are now recognizing the resilient attributes of the asset class. Loans are […]

[vc_row][vc_column css=”.vc_custom_1532034303005{background-color: #ffffff !important;}”][vc_row_inner][vc_column_inner][mk_padding_divider size=”130″ visibility=”hidden-sm”][mk_fancy_title size=”40″ force_font_size=”true” size_smallscreen=”40″ size_tablet=”30″ size_phone=”30″ font_weight=”bold” txt_transform=”capitalize” margin_bottom=”0″ font_family=”none”] Business Insider: An Inside Look at the Workings of the 4-Part Arbitrage and Momentum Quant Strategy Driving an Award-Winning Fund [/mk_fancy_title][vc_column_text css=”.vc_custom_1726613234313{margin-bottom: 0px !important;}”]In this article, Business Insider highlights the Catalyst Systematic Alpha Fund (ATRFX) and its portfolio construction. [/vc_column_text][mk_divider […]

[vc_row][vc_column css=”.vc_custom_1532034303005{background-color: #ffffff !important;}”][vc_row_inner][vc_column_inner][mk_padding_divider size=”130″ visibility=”hidden-sm”][mk_fancy_title size=”40″ force_font_size=”true” size_smallscreen=”40″ size_tablet=”30″ size_phone=”30″ font_weight=”bold” txt_transform=”capitalize” margin_bottom=”0″ font_family=”none”] Allocating to Balanced Risk Strategies [/mk_fancy_title][vc_column_text css=”.vc_custom_1726503804584{margin-bottom: 0px !important;}”]How to Integrate a Multifunctional Balanced Risk Strategy into Your Portfolio[/vc_column_text][mk_divider style=”thin_solid” margin_top=”0″][vc_column_text css=”.vc_custom_1726503872858{margin-bottom: 0px !important;}”]The 60/40 stock/bond portfolio model has been the primary balanced investment approach for decades. Prior to 2022, […]

[vc_row][vc_column css=”.vc_custom_1532034303005{background-color: #ffffff !important;}”][vc_row_inner][vc_column_inner][mk_padding_divider size=”130″ visibility=”hidden-sm”][mk_fancy_title size=”40″ force_font_size=”true” size_smallscreen=”40″ size_tablet=”30″ size_phone=”30″ font_weight=”bold” txt_transform=”capitalize” margin_bottom=”0″ font_family=”none”] Allocating to Hybrid Alternative Strategies: A Path to More Than Just Weathering the Storm [/mk_fancy_title][mk_divider style=”thin_solid” margin_top=”0″][vc_column_text css=”.vc_custom_1723832754312{margin-bottom: 0px !important;}”]A hybrid alternative strategy (or simply, hybrid strategy) combines alternative and traditional investment strategies within one product wrapper. Many alternative strategies […]

[vc_row][vc_column css=”.vc_custom_1532034303005{background-color: #ffffff !important;}”][vc_row_inner][vc_column_inner][mk_padding_divider size=”130″ visibility=”hidden-sm”][mk_fancy_title size=”40″ force_font_size=”true” size_smallscreen=”40″ size_tablet=”30″ size_phone=”30″ font_weight=”bold” txt_transform=”capitalize” margin_bottom=”0″ font_family=”none”] Investors Don’t Have to ‘Ace’ Every Month; Fall in ‘Love’ with a Long-Term Approach [/mk_fancy_title][vc_column_text css=”.vc_custom_1721856827964{margin-bottom: 0px !important;}”]What the Catalyst/Millburn Hedge Strategy Fund (MBXIX) Has in Common with Roger Federer’s Tennis Success[/vc_column_text][mk_divider style=”thin_solid” margin_top=”0″][vc_column_text css=”.vc_custom_1721856877126{margin-bottom: 0px !important;}”]With the Wimbledon & […]

[vc_row][vc_column css=”.vc_custom_1532034303005{background-color: #ffffff !important;}”][vc_row_inner][vc_column_inner][mk_padding_divider size=”150″][mk_fancy_title size=”38″ force_font_size=”true” size_smallscreen=”38″ size_tablet=”30″ size_phone=”30″ font_weight=”bold” txt_transform=”capitalize” margin_bottom=”0″ font_family=”none”] The Magic Behind Modern Portfolio Theory [/mk_fancy_title][vc_column_text css=”.vc_custom_1717020513881{margin-bottom: 0px !important;}”]“Diversification is the only free lunch in investing.” -Harry Markowitz[/vc_column_text][mk_divider style=”thin_solid” margin_top=”0″][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/4″][vc_single_image image=”3671″ img_size=”full”][/vc_column_inner][vc_column_inner width=”3/4″][vc_column_text css=”.vc_custom_1717020840884{margin-bottom: 0px !important;}”]Nobel Prize laureate Harry Markowitz coined the phrase, “diversification is the only free lunch […]

[vc_row][vc_column css=”.vc_custom_1532034303005{background-color: #ffffff !important;}”][vc_row_inner][vc_column_inner][mk_padding_divider size=”130″ visibility=”hidden-sm”][mk_fancy_title size=”40″ force_font_size=”true” size_smallscreen=”40″ size_tablet=”30″ size_phone=”30″ font_weight=”bold” txt_transform=”capitalize” margin_bottom=”0″ font_family=”none”] Preparing Your Portfolio To Win in Any Environment [/mk_fancy_title][vc_column_text css=”.vc_custom_1680018400164{margin-bottom: 0px !important;}”]When One Asset Class Slumps, the Catalyst Systematic Alpha Fund (ATRFX) Aims to Have a Power Hitter on Deck[/vc_column_text][mk_divider style=”thin_solid” margin_top=”0″][vc_column_text css=”.vc_custom_1713969688378{margin-bottom: 0px !important;}”] As baseball season comes into […]

[vc_row][vc_column css=”.vc_custom_1532034303005{background-color: #ffffff !important;}”][vc_row_inner][vc_column_inner][mk_padding_divider size=”130″ visibility=”hidden-sm”][mk_fancy_title size=”40″ force_font_size=”true” size_smallscreen=”40″ size_tablet=”30″ size_phone=”30″ font_weight=”bold” txt_transform=”capitalize” margin_bottom=”0″ font_family=”none”] Business Insider: An Award-winning Fund Manager Explains the Investing Process That’s Delivered 4 top-2% finishes in the Last 5 Years [/mk_fancy_title][vc_column_text css=”.vc_custom_1714570548566{margin-bottom: 0px !important;}”]In this article, Business Insider highlights Catalyst CFO and Portfolio Manager David Miller’s approach to investing while […]

[vc_row][vc_column css=”.vc_custom_1532034303005{background-color: #ffffff !important;}”][vc_row_inner][vc_column_inner][mk_padding_divider size=”130″ visibility=”hidden-sm”][mk_fancy_title size=”40″ force_font_size=”true” size_smallscreen=”40″ size_tablet=”30″ size_phone=”30″ font_weight=”bold” txt_transform=”capitalize” margin_bottom=”0″ font_family=”none”] We Believe You Can Do Better Than 60/40, and It Can Be Done with One Fund. [/mk_fancy_title][vc_column_text css=”.vc_custom_1710163770100{margin-bottom: 0px !important;}”]We Believe You Can Do Better Than 60/40, and It Can Be Done with One Fund.[/vc_column_text][mk_divider style=”thin_solid” margin_top=”0″][vc_column_text css=”.vc_custom_1711082770639{margin-bottom: 0px !important;}”]Consider […]

[vc_row][vc_column css=”.vc_custom_1532034303005{background-color: #ffffff !important;}”][vc_row_inner][vc_column_inner][mk_padding_divider size=”150″][mk_fancy_title size=”40″ force_font_size=”true” size_smallscreen=”40″ size_tablet=”30″ size_phone=”30″ font_weight=”bold” txt_transform=”capitalize” margin_bottom=”0″ font_family=”none”] Understanding Senior Secured Income Funds: How This Asset Class Has Delivered for Investors [/mk_fancy_title][vc_column_text css=”.vc_custom_1722482537700{margin-bottom: 0px !important;}”]Curious about senior secured income funds and how they differ from other asset classes? The Catalyst/CIFC Senior Secured Income Fund (CFRIX) offers an opportunity for […]