CHICAGO--(BUSINESS WIRE)--RMB Capital (“RMB”), an independent investment advisory firm with more than $3.8 billion in assets under management, has joined forces with Mendon Capital Advisors to manage a long/short, financial services-focused U.S. equity strategy. The strategy and team, led by portfolio manager Anton Schutz, will be part of RMB’s alternative investments unit, known as Iron Road Capital Partners (“Iron Road”).
“Iron Road was established with the intention that we would continue to add strategies to the platform,” said Blair Haarlow, managing principal, Iron Road Capital Partners. “The key is to find managers that are a good fit, in that they recognize the benefits of our model and complement the other alternative investments we offer. With its exclusive focus on the financial services sector, this strategy fills a niche investment category not covered by our existing strategies—long/short stressed debt and another long/short U.S. equity strategy that specifically excludes financials and energy stocks.”
Anton Schutz adds expertise and complements team at Iron Road Capital Partners
Schutz defined and implemented his event-driven investment strategy in 1996 and has been managing it ever since. His expertise is augmented by assistant portfolio manager Russell Echlov, who worked for Mendon Capital Advisors from 1997-2001, accumulated additional experience in both public and private financial-sector equity, and recently rejoined the team.
“By joining forces with RMB, we’re able to bolster our infrastructure with the firm’s robust operational expertise and capabilities related to technology, compliance, and other back-office functions,” said Schutz. “It’s a level of support that is going to allow me to spend the majority of my time doing what I love most—identifying catalysts linked to financial stocks through local, on-the-ground research and managing the investment strategy based on those findings.”
Widely regarded as an expert on the financial sector, Schutz is frequently interviewed for his perspectives on Bloomberg, Fox Business, and CNBC. He is also quoted in Barron's, Business Week, Investor's Business Daily, The New York Times, Smart Money and The Wall Street Journal. Schutz is a graduate of Franklin and Marshall College, and he earned an MBA in finance from Fordham University.
ABOUT IRON ROAD
Iron Road Capital Partners is an alternative investment platform providing portfolio managers a unique joint venture structure. It seeks to add managers pursuing non-traditional strategies to its platform to create portfolio diversification options for investors. Current managers include a long/short U.S. equity strategy and a long/short stressed-debt strategy. For more about the Chicago-based firm, visit www.ironroadcap.com.
ABOUT RMB CAPITAL
RMB Capital is an investment advisory firm that provides affluent individuals and institutional clients with a high standard of care and is dedicated to serving their best interests. RMB operates in four distinct business units: wealth management, asset management, alternative investments, and retirement plan consulting. RMB is headquartered in Chicago with offices in Denver and Jackson Hole, Wyoming. To learn more about RMB Capital, visit www.rmbcap.com.