Mar 06, 2020
RiverNorth Core Opportunity Fund
The inherent inefficiency of closed-end funds provides opportunities for RiverNorth, one of the largest institutional investors in the space, to take advantage of discounts, premiums and dislocations. Patrick Galley, portfolio manager of the RiverNorth Core Opportunity Fund, has the flexibility to invest across all asset classes and build a diversified mix of closed-end funds and ETFs. While the fund doesn’t time the markets, it adds alpha through timing the discounts.
Apr 07, 2010
RiverNorth Core Opportunity Fund
There are more than six hundred closed-end funds and, quite naturally, not all of them trade at their fair values all the time. Patrick Galley, portfolio manager of the RiverNorth Core Opportunity Fund, looks for closed-end funds that are not only trading at a discount to their assets but are also likely to appreciate in value in the near term.
