Our Story
At RiverNorth, we don’t just invest in opportunity, we create it.
Purpose-built to operate in markets where the potential to capitalize on inefficiencies is the greatest, it is our belief that the pursuit of strategic investing is where we can uncover and optimize the most attractive opportunities.
It is this focused firm philosophy that has made us a leader in institutional investing, research and trading of closed-end funds—all while helping reshape how the industry thinks about opportunistic CEF strategies.
0
Years of Trading CEFs
2ND
Most CEF IPOs since 2015
We are here to put this specialist mindset in play by providing advisors, institutions, and investors access to diversified, multi-asset strategies and structures needed to gain exposure to the distinct, uncorrelated nature of closed-end trading, arbitrage and management.
Whether investing in—or partnering with us—we offer an innovative platform that leverages our best qualities as investors, traders and CEF experts to dive deep into opportunity sets, and make full use of our market acumen to offer potential avenues to outperformance.
$0.0B
Assets Under Management1
$0.0B
CEF Assets Under Management1
1As of February 28, 2025. Assets Under Management (AUM) reflects Managed Assets, which includes the effects of leverage and investments in affiliated funds.
Our Investment Philosophy
It is our belief that while broad markets are generally efficient, certain areas and specific types of securities can become detached at times. We specialize in identifying such moments of opportunity by aggressively targeting and surveilling underfollowed, uncorrelated assets where the potential to exploit inefficiencies are the greatest.
- Always Opportunistic
Explore and identify areas of pricing inefficiency - Decisively Contrarian
Trade objectively and confidently counter irrational market forces - Avoid Forecasting
Maintain full focus on asset and security-level thinking, not macros - Structure Strategically
Utilize vehicle knowledge to effectively optimize strategies - Move Fast
Operate with pace & precision to stay ahead of the curve - Stay Active
Generate alpha through tactical trading capabilities - Be Diligent
Use research and risk controls to drive better decision making
Firm Timeline
2000
RiverNorth was Founded
2004
Began Investing in Closed-End Funds
2006
First Mutual Fund Dedicated to Closed-End Funds
2007
Long/Short Closed-End Fund Arbitrage Strategy
2010
Strategic Fixed Income Fund with DoubleLine LP
2012
High Income Fund with Oaktree Fund Advisors, LLC
2016
Began Investing in Special Purpose Acquisition Companies (SPACs)
2018
First in a Series of Municipal Income Closed-End Funds with Mackay Shields LLC
2020
Dedicated Pre-Merger SPAC Arbitrage Strategy
2021
Core US Equity Strategy ETF Designed to Support the Folds of Honor Foundation
2022
Enhanced Pre-Merger SPAC ETF
2024
Closed-End Fund Arbitrage Strategy UCITS Fund
The RiverNorth Difference
Innovative Vision
We are a team of early adopters who’ve led an evolution and expansion of the investment playing field by looking at things differently and confidently taking the initiative.
Focused Philosophy
Our founding focus on targeting inefficiencies is inherently paired with a diligent eye for maintaining the strong technical and risk controls needed to intelligently navigate volatility.
Capable Collaborators
We are a talented and tight-knit group of proven investors who leverage natural strengths to provide differentiated service guided by responsive and accessible service at every stage.
Meet our team of independent, experienced and proven CEF specialists.
Our Culture
Empowerment. Ownership. Collaboration. Growth.
We foster a culture that supports the personal and professional growth of intelligent, hardworking individuals. Guided by collaboration, we work across all areas to achieve our business and investment objectives.
75+ Years
Cumulative Experience in Asset Class
7
CFA Charterholders on RiverNorth Team
Work with one of the largest institutional investors in closed-end funds.
FLDZ: Culture-in-Action
A strategy close to our hearts—and central to RiverNorth’s culture—FLDZ was built to provide a strong investment opportunity while supporting the Folds of Honor Foundation in honoring the sacrifice of our armed forces.
Our impact is greater together—hear the call and join the mission!