Bringing you live news and features since 2006 

TrueMark announces strategic investment by RiverNorth in the US


TrueMark Investments, an Illinois-based asset manager and adviser to the TrueShares actively managed ETFs, has announced that RiverNorth Capital Management has acquired a minority stake in their firm. 

The firm writes that the two firms will work jointly to develop a suite of ETFs under the RiverNorth brand, complementing its existing fund line-up which currently includes mutual funds, closed-end funds, private funds, SMAs, and soon to be ETFs. 

TrueMark writes that its capabilities will serve as an expansion of RiverNorth’s existing strengths in delivering opportunistic investment strategies to investors through a variety of investment vehicles. TrueShares, the ETF product suite managed by TrueMark, launched in early 2020 and has seen sustained asset growth since inception, now representing 15 ETFs.

“We’re thrilled to be partnering with RiverNorth,” says Michael Loukas, Principal and CEO at TrueMark Investments. “We’ve long admired their innovative investment approach, leadership team and operational prowess, and it didn’t take long to identify the synergies between our firms. This partnership represents a tremendous opportunity for the continued expansion of the TrueShares line-up with the addition of industry leading investment strategies from RiverNorth.”

“TrueMark represents an ideal partner for us as we enter the ETF segment,” says Patrick Galley, CEO & CIO of RiverNorth. “They’ve built an extremely impressive operation and product offering in a short period of time and given the similarities in our industry outlooks and leadership philosophies, a strategic relationship made perfect sense. We’re very excited about the prospects of combining RiverNorth’s innovative investment product creation with TrueMark’s expertise in the fast-growing ETF market.”

Latest News

Some big forces moved further into ETF issuance this week, with Capital Group launching 12 new active/passive model portfolios, and..
ASYMmetric ETFs has announced the launch of two new funds, ASYMmetric Smart Income ETF (NYSE: MORE) and ASYMmetric Smart Alpha..
First Trust Advisors has announced the launch of a new actively managed ETF, the First Trust Multi-Strategy Alternative ETF (NYSE..
Allianz Investment Management LLC (AllianzIM), a wholly-owned subsidiary of Allianz Life Insurance Company of North America has announced the launch..

Related Articles

We are very pleased to open the voting for service providers (selected by nominations) and ETP issuers, selected by our data partners, Trackinsight, for the European ETF Express Awards, in...
Osprey Funds’ founder and CEO, Greg King, has written an open letter to Barry Silbert, majority owner of Digital Currency Group which owns Grayscale, suggesting that he uses his powers...
Comparing multifactor ETFs to the popular Marvel Avengers series may seem a bit of a stretch but recent analysis from Morningstar suggests the investment strategies have more in common with...
Canadian asset manager Mackenzie Investments, with CAD186.6 billion under management, has published its annual Mackenzie Investments Year-End ETF Report. ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by