RMB Asset Management, in partnership with Mendon Capital, has launched a new global long/short financial strategy.
The new strategy requires a minimum investment of USD250,000 and is an extension of Mendon’s current US financial strategy, which is also offered in two mutual fund vehicles. Anton Schutz and Russell Echlov will serve as co-portfolio managers on the new global long/short strategy.
“The timing of this launch is deliberate. The rest of the world has been much slower to recover from the financial crisis than the US, but we’re now seeing a synchronised uptick in global growth,” says Richard M Burridge, Jr, founding partner, CEO, and chief investment officer of RMB Capital. “We are confident that the Mendon team’s deep financial sector expertise and rigorous investment process will lead them to uncover attractive opportunities internationally.”
The Mendon long/short US financials strategy won an Investors Choice Award in the “Specialist Equity Fund” category for 2016 and 2017.
“We have capitalised on recapitalisation and consolidation in the banking sector in the US, and this trend is also playing out on a global scale,” says Echlov. “We are very excited to have the ability to access that untapped value.”
