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 through this focused firm philosophy that we’ve built a comprehensive foundational approach to intelligent, unconstrained investing. A philosophy that has made us a leader in the institutional investing, research and trading of closed-end funds—all while helping reshape how the industry thinks about capitalizing on opportunistic strategies.
20
Years of Trading CEFs
2ND
Most CEF IPOs since 2015
The result for those we work with is an innovative partnership and platform that leverages our best qualities as investors, traders and CEF experts.
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 amplify best ideas and gain exposure to the unique, uncorrelated nature of CEF trading, arbitrage and management.
Whether investing in, or partnering with us, you can rest assured knowing we will dive deep into opportunity sets, making full use of our unmatched market acumen to offer powerful avenues to outperformance.
$5.2B
Assets Under Management1
$2.6B
CEF Assets Under Management1
1As of September 30, 2024. 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 innovators and early adopters who have taken the lead in evolving and expanding the investment playing field by looking at things differently and confidently taking the initiative.
Focused Philosophy
Our founding commitment to opportunistically targeting inefficiencies is inherently tied to our diligent focus on 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 our natural strengths to provide differentiated service—resulting in responsive, insightful and accessible collaboration at every stage.
Meet our team of independent, experienced and proven CEF specialists.
Our Culture
Empowerment. Ownership. Collaboration. Growth.
We believe in a culture that supports the personal and professional growth of intelligent and hardworking individuals.
We are a firm focused on empowering each person to confidently make impactful, informed decisions and to take responsibility for those actions. By design, we are an organization guided by the power of collaborative effort across all areas of the firm 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 – Giving Back via Experience
A strategy near and dear to our hearts—and definitive of the culture we want to create at RiverNorth—our FLDZ fund was built to not only provide a great investment opportunity, but also to support the Folds of Honor Foundation in their efforts to honor the sacrifice of the women and men serving in our armed forces.
Two-fold by design, FLDZ is positioned to deliver core domestic equity exposure while providing the opportunity to make a lasting beneficial impact for the families of our nation’s fallen heroes.
Our impact Is greater together, hear the call and join the mission!