Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:RiverPark Taps a New Sales Head, Plots its Mutual Fund Foray Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 29, 2010

RiverPark Taps a New Sales Head, Plots its Mutual Fund Foray

Reported by Armie Margaret Lee

RiverPark Capital hired former Baron Funds sales executive Matt Kelly as its marketing and distribution chief, succeeding Tom Winnick, who joined Dreman Value Management this month. Kelly reunites with other Baron alums, including RiverPark CEO Morty Schaja and CIO Mitch Rubin.

Most recently, Kelly served as vice president and senior national sales director at Baron Funds, where he spent 13 years. It could not immediately be confirmed how his former duties are being handled.

Kelly's hiring is not the only news coming out RiverPark, which, like Baron, is based out of New York City. RiverPark is preparing to jump into the mutual fund business, having filed last week to launch six '40 Act offerings, two of which will be run in-house.

Wedgewood Partners will sub-advise one of the funds, Cohanzick Advisors will sub-advise another and Gravity Partners will sub-advise two.

RiverPark itself sub-advises four active ETFs for Grail Advisors.

Schaja said in an interview on Tuesday that the firm's decision to get into the mutual fund space "is in recognition that the vast majority of assets are still in the mutual fund world."

Schaja said that while ETFs carry attractions such as transparency, "mutual funds continue to be attractive vehicles for many investors."

"We are not a mutual fund company. We are not an ETF company. We're an asset management company," Schaja said, adding that his firm is indifferent to vehicle types. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use