RiverNorth Funds(3)
Timing Closed-End Fund Discounts for Alpha
RiverNorth Core Opportunity Fund
US> Small-Cap > Core
Mar 06, 2020
The inherent inefficiency of closed-end funds provides opportunities for RiverNorth, one of the largest institutional investors in the space, to take advantage of discounts, premiums and dislocations. Patrick Galley, portfolio manager of the RiverNorth Core Opportunity Fund, has the flexibility to invest across all asset classes and build a diversified mix of closed-end funds and ETFs. While the fund doesn’t time the markets, it adds alpha through timing the discounts.
Volatility Profits
RiverNorth Dynamic Buy-Write Fund
US> NA > NA
Jun 28, 2013
Alternative investing has expanded over the years and the covered call or buy-write strategy is by no means new. The RiverNorth Dynamic Buy-Write Fund is unique because the focus is on generating returns by selling the right volatility at the right price, unlike peers who focus on long stock or index security selection with secondary thought to the covered call writing strategy.
Opportunistic Investing in Closed-End Funds
RiverNorth Core Opportunity Fund
US> Small-Cap > Core
Apr 07, 2010
There are more than six hundred closed-end funds and, quite naturally, not all of them trade at their fair values all the time. Patrick Galley, portfolio manager of the RiverNorth Core Opportunity Fund, looks for closed-end funds that are not only trading at a discount to their assets but are also likely to appreciate in value in the near term.