RiverPark Advisors, one of the top no load mutual fund investment advisory companies based in New York, has launched 5 new no load mutual funds.
These five best no load RiverPark funds are as follows:
1) RiverPark Large Growth Fund invests mostly in large-cap company equity securities. It aims to generate long-term capital appreciation. The portfolio manager is Mitchell Rubin, the co-founder of the company.
2) RiverPark / Wedgewood Fund invests mostly in large capitalization company equity securities. It aims to generate long-term capital appreciation. The fund is focused, and has about twenty to thirty holdings.
3) RiverPark Small Cap Growth Fund invests mostly in small capitalization company securities. It aims to generate long-term capital appreciation. The portfolio managers are Mitchell Rubin and Conrad von Tienhoven.
4) RiverPark Short Term High Yield Fund invests mostly in high yield bonds with a maturity period of no more than 3 years. It aims to generate capital appreciation consistent with capital preservation. The portfolio manager is David Sherman.
5) RiverPark / Gravity Long-Biased Fund invests mostly in large capitalization company securities. It aims to generate long-term capital appreciation with reduced risk. The portfolio manager is Adam Seessel.
The Chief Executive of the company, Morty Schaya, said that the company is very pleased to be introducing this family of no load mutual funds, and that it believes that the funds offer an important investment niche for all investors.
RiverPark has gathered together an impressive array of industry veterans. They have been working together for around 15 years. One of the co-founders of the company, Schaya, has been working in the industry for over 30 years, and was the president of Baron Capital, where he oversaw the expansion of the firm’s assets from $40 million to over $15 billion.
Mitch Rubin, the other co-founder, has over 15 years experience as a portfolio manager. Before he founded the company, he managed a number of funds in Baron Funds. The co-portfolio manager, Conrad van Tienhoven, has worked with the company since 1997.
All this means that whilst RiverPark Funds is a brand new and unproven family of funds, each of the funds has a highly experienced manager at its helm. In addition, each fund has a specific purpose. For instance, the Short Term High Yield fund aims to generate a good income in the current climate of low interest rates. The Small Cap Growth Fund gives investors access to a knowledgeable small-cap team. This is important as many small cap funds in the current market have stringent capacity constraints.
This company is definitely worth looking into some more. There can be no doubt about its high level of professionalism, and with these new investment products, the company is demonstrating how tuned in it is to the varied needs of investors.
For more information on no load funds, go to: investopedia.com
