The Fund’s investment objective is total return consisting of capital appreciation and current income.
The Fund employs a tactical asset allocation strategy primarily comprised of both closed-end funds and exchange-traded funds. RiverNorth implements an opportunistic investment strategy designed to capitalize on the inefficiencies in the closed-end fund space while simultaneously providing diversified exposure to several asset classes.
Chief Investment Officer, RiverNorth
Patrick Joined RiverNorth in 2004 and serves as Chief Investment Officer and Portfolio Manager. Patrick heads the firm's investment team and oversees all portfolio management activities at RiverNorth. Patrick also serves as the President and Chairmain of RiverNorth Funds.
Prior to joining RiverNorth, Patrick was Vice President at Bank of America in the Global Investment Bank's Portfolio Management group where he specialized in analyzing and structuring corporate transactions for investment management firms in addition to closed-end and open-end funds, hedge funds, fund of funds, structured investment vechicles and insurance/reinsurance companies.
Patrick graduated with honors from Rochester Institute of Technology with a B.S. in Finance. He is a CFA Charterholder and member of the CFA Institute and the CFA Society of Chicago.
Portfolio Manager, RiverNorth
Steve joined RiverNorth in 2007 and serves as Portfolio Manager. Steve co-manages the firm's closed-end fund trading strategies and helps to oversee the firm's closed-end fund investment analysts.
Prior to joining RiverNorth, Steve was Assistant Vice President at Bank of America in the Global Investement Bank's Portfolio Management group where he specialized in the corporate real estate asset management and structured finance industries.
Steve graduated Magna Cum Laude from Miami University of Ohio with a B.S. in finance and a minor in Economics. He is a CFA Charterholder and member of the CFA Institute and the CFA Society of Chicago.