Harbor Assets LLC hedge fund has been converted to the Catalyst Hedged Futures Strategy Fund, Catalyst announced Wednesday.

The fund seeks to take advantage of market volatility to provide capital appreciation and capital preservation in all market conditions, with low volatility and low correlation to the U.S. equity market, Catalyst says.

The fund will now be available to a broader investor base and will continue to be managed by Ed Walczak, founder and senior portfolio manager of the Fund.

The Fund was launched in December 2005 and has been able to generate positive returns in each year since its inception. Catalyst offers 14 funds that provide various strategies for producing income- and equity-oriented returns.