CHICAGO--(BUSINESS WIRE)--RMB Capital (“RMB”), an independent investment and advisory firm with more than $9.3 billion in assets under management, announced that RMB Asset Management, in partnership with Mendon Capital (“Mendon”), has launched a new global long/short financial strategy.
The new strategy requires a minimum investment of $250,000 and is an extension of Mendon’s current U.S. financial strategy, which is also offered in two mutual fund vehicles. Anton Schutz and Russell Echlov will serve as co-portfolio managers on the new global long/short strategy.
“The timing of this launch is deliberate. The rest of the world has been much slower to recover from the financial crisis than the U.S., but we’re now seeing a synchronized uptick in global growth,” said Richard M. Burridge, Jr., founding partner, CEO, and chief investment officer of RMB Capital. “We are confident that the Mendon team’s deep financial sector expertise and rigorous investment process will lead them to uncover attractive opportunities internationally.”
The Mendon long/short U.S. financials strategy won an Investors Choice Award in the “Specialist Equity Fund” category for 2016 and 2017.
“We have capitalized on recapitalization and consolidation in the banking sector in the U.S., and this trend is also playing out on a global scale,” said Echlov. “We are very excited to have the ability to access that untapped value.”
ABOUT RMB ASSET MANAGEMENT
RMB Asset Management specializes in long-term, concentrated, active investing strategies. From long-only strategies to a select lineup of differentiated absolute return offerings, its products span the market-cap spectrum and the globe. Its team of highly experienced portfolio managers and analysts are united by an emphasis on fundamental research and a belief that quality portfolios outperform.
ABOUT RMB CAPITAL
RMB Capital is an independent investment and advisory firm. Its businesses include wealth management, family office services, asset management, and retirement plan consulting. Headquartered in Chicago, RMB also has offices in Denver; Jackson Hole, Wyo.; Lake Forest, Ill.; Milwaukee; Minneapolis; New York; Oakbrook Terrace, Ill.; and Washington D.C. To learn more about RMB, visit www.rmbcap.com.