Firm Overview

RiverNorth is an investment management firm founded in 2000 that specializes in opportunistic strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is an institutional investment manager to registered funds, private funds and separately managed accounts.

Why RiverNorth?

  • Our People - We believe in a culture that supports the hiring of intelligent and hardworking professionals. The firm empowers each person to make impactful decisions and to take responsibility for those decisions. By design, the organizational structure is extremely flat, which results in a highly collaborative effort across all areas of the firm.
  • Our Technology - We understand that command of data is essential to compete in today's information-driven world, especially within the financial industry, leading us to invest heavily in proprietary technology. With our team of dedicated in-house software engineers, we are continuously building systems to automate processes and increase operational efficiency.
  • Our Strategies - We understand that, ultimately, our strategies are why investors select RiverNorth. We seek to deliver superior risk-adjusted returns by bringing to market unique, opportunistic investment strategies.

Our Investment Philosophy

  • While we believe the broad markets are fairly efficient, we also believe there are certain markets and types of securities that are inefficient.
  • We typically favor under-followed, specialty asset classes and markets where the potential to exploit inefficiencies is greatest.
  • We focus on risk control rather than speculative market timing. We believe it is more prudent and more consistent to protect rather than predict.
  • We avoid macro-forecasting as it is difficult and does not consistently align with capital markets.

Our Team

Firm Profile (PDF)

Company Timeline

Date Milestone
Dec 2000 Brian Schmucker founded RiverNorth as a traditional investment advisory firm
Oct 2004 CIO/Portfolio Manager Patrick Galley joined the firm adding closed-end fund expertise
Dec 2006 Launched flagship fund RiverNorth Core Opportunity Fund
Aug 2007 Launched long-short CEF Strategy RiverNorth Capital Partners, L.P.
Jan 2010 Launched long-short CEF Strategy RiverNorth Institutional Partners, L.P.
Aug 2010 Launched RiverNorth Closed-End Fund Index
Dec 2010 Launched RiverNorth/DoubleLine Strategic Income Fund
Dec 2012 Launched RiverNorth/Oaktree High Income Fund
Dec 2015 ALPS Advisors, Inc. & RiverNorth launched RiverNorth Opportunities Fund, Inc.
May 2016 Launched RiverNorth Specialty Finance, LLC
Sep 2016 Launched RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
Sep 2016 Launched RiverNorth Specialty Finance Corporation
Oct 2018 Launched Launched RiverNorth Opportunistic Municipal Income Fund, Inc.
Jul 2019 Launched Launched RiverNorth Managed Duration Municipal Income Fund, Inc.
Mar 2020 Launched RiverNorth Flexible Municipal Income Fund, Inc.
Feb 2021 Launched RiverNorth Flexible Municipal Income Fund II, Inc.