CHICAGO--(BUSINESS WIRE)--RiverNorth Capital Management, LLC (“RiverNorth”), a boutique investment management firm specializing in opportunistic strategies, announced that its flagship fund, RiverNorth Core Opportunity Fund (NASDAQ: RNCOX), won the 2018 Thomson Reuters Lipper Fund Award for Best Alternative Global Macro Fund for the ten-year period ended November 30, 2017.
Thomson Reuters Lipper Fund Awards honor funds that have excelled in providing consistently strong risk-adjusted performance relative to similar funds, based on Lipper's proprietary performance-based methodology.
RNCOX is an open-end mutual fund focused on opportunistically investing in closed-end and exchange-traded funds. RNCOX seeks to provide investors with total return consisting of long-term capital appreciation and income through a diverse allocation to both equity and fixed income asset classes. The Fund was selected for the ten-year award over 19 other eligible funds in its category.
Patrick Galley, Chief Investment Officer at RiverNorth, said, “We are honored to receive this recognition from Lipper. This award is a testament to our disciplined investment process which has enabled us to generate competitive, long-term performance for our investors. We remain committed to bringing our clients value through a diversified asset allocation approach designed to capitalize on the inefficiencies of the closed-end fund market.”
For more information, please visit us at www.rivernorth.com.
RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With approximately $3.5 billion in assets under management as of February 28, 2018, RiverNorth specializes in opportunistic investment strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is the investment manager to multiple registered and private funds.
About Thomson Reuters Lipper Fund Awards
A Lipper Fund Award is awarded to one fund in each Lipper classification for achieving the strongest trend of consistent risk-adjusted performance against its classification peers over a three, five or ten-year period. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Lipper Analytical Services, Inc. is an independent mutual fund research and rating service. © 2018, All Rights Reserved.
Investors should consider the investment objective, management fees, risks, charges and expenses of the Fund carefully before investing. The Prospectus contains this and other information about the Fund. For a current Prospectus, call toll-free (888) 848-7569 or go to rivernorth.com. Please read the Prospectus carefully before you invest.
Distributed by ALPS Distributors, Inc. Member FINRA. ALPS Distributors, Inc. is unaffiliated with RiverNorth Capital Management, LLC.
Investing involves risk, including the possible loss of principal.
Diversification does not ensure a profit or guarantee against loss.
RiverNorth® and the RN Logo are registered trademarks of RiverNorth Capital Management, LLC.
©2000-2018 RiverNorth Capital Management, LLC. All rights reserved. RVN001259 Exp. 02.28.19