Joseph McAlinden, former chief investment officer of Morgan Stanley Investment Management, on Thursday announced the opening of Catalpa Capital.
Catalpas first fund will be Global Thematic Opportunities, a global macro fund that focuses on identifying major market discontinuities. The fund plans to implement its investment theses through positions in futures, ETFs and customized baskets of securities. The firm said it had received seed money from a few key investors.
Catalpas management team includes Warren Hatch, who will serve as chief investment strategist, and Andrew de Montille, who will serve as chief financial officer. Hatch joins Catalpa from Morgan Stanley, where