RiverPark Long/Short Opportunity Fd Inst (RLSIX)
RiverPark Long/Short Opportunity Fd Inst operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $15.76, down 0.57% on the session, giving a market capitalisation of $26.9M. Its beta of 0.90 implies it has historically moved less than the broad market.
This fund aims to generate significant wealth over the long term, all while actively working to reduce potential losses during market downturns. It achieves this through a two-pronged investment approach: purchasing stocks of companies that RiverPark believes are poised for exceptional growth, and simultaneously betting against (short-selling) shares of businesses the Adviser identifies as having long-term competitive disadvantages. While the portfolio primarily focuses on U.S.-based companies, it does have the flexibility to invest internationally, with a strict limit of no more than 15% of its total assets allocated to foreign issuers.
RiverPark Long/Short Opportunity Fd Inst is most often compared with the following Financial Services names: