Catalpa Capital LLC, a New York hedge fund company, opened last week.
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Joseph McAlinden, who was a chief investment officer of Morgan Stanley Investment Management, is the head of the new firm.
He said in a press release that the firm has launched its first investment product, the Global Thematic Opportunities global hedge fund, which focuses on identifying major market discontinuities rather than analyzing individual securities.
The fund implements positions through futures, exchange-traded funds, and customized baskets of securities.
