RiverPark Advisors, a New York-based investment advisory company, has launched a new family of no-load open-end mutual funds.
RiverPark Large Growth Fund seeks long-term capital appreciation by investing primarily in the equity securities of large-cap companies. RiverPark Advisors serves as the investment adviser. Mitchell Rubin, RiverPark’s chief investment officer and co-founder, will serve as portfolio manager.
RiverPark/Wedgewood Fund seeks long-term capital appreciation by investing primarily in the equity securities of large capitalisation companies. It is sub-advised by Wedgewood Partners and is a focused fund with approximately 20 to 30 holdings.
RiverPark Small Cap Growth Fund seeks long-term capital appreciation by investing primarily in the securities of small capitalisation companies. RiverPark Advisors will serve as the fund’s investment adviser, with Mitchell Rubin and Conrad van Tienhoven acting as co-portfolio managers.
RiverPark Short Term High Yield Fund seeks current income and capital appreciation consistent with the preservation of capital by investing primarily in high yield bonds with an effective maturity of less than three years. The fund is sub-advised by Cohanzick Management with David Sherman serving as portfolio manager
RiverPark/Gravity Long-Biased Fund seeks long-term capital appreciation with reduced market-related risk by investing primarily in the securities of large capitalisation companies. The fund expects to manage market exposure by selective shorting of both individual stocks and equity market index ETFs. It is sub-advised by Gravity Capital Management with Adam Seessel serving as portfolio manager.
“We are delighted to introduce this new family of open-end mutual funds to the marketplace,” says Morty Schaja, chief executive officer and managing partner at RiverPark. “We believe that each of these funds addresses an important investment allocation for investors and their advisers.”