RMB Mendon Financial Long/Short Fund Class I (RMBIX)
RMB Mendon Financial Long/Short Fund Class I operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Chicago, IL. The stock last traded at $6.57, down 0.17% on the session, giving a market capitalisation of $81.1M. Its beta of 1.54 implies it has historically moved more than the broad market.
This fund aims to achieve its investment goal by allocating a minimum of 80% of its total assets (including any borrowed funds used for investment) to equity securities of U.S. companies operating within the financial services industry. It engages in both purchasing (long) and selling short (short) positions in such financial sector firms, regardless of their market capitalization. The portfolio is concentrated, meaning it is not diversified.
RMB Mendon Financial Long/Short Fund Class I is most often compared with the following Financial Services names: