Saturday, 30 August 2014
Last updated 1 day ago
Jun 23 2006 | 7:23pm ET
Morty Schaja, co-founder and managing partner of RiverPark Capital, said the RiverPark Partners Fund is long-biased and focuses on growth stocks.
"Our focus is on the 30 companies that if you didn't own you wouldn't be able to sleep at night," Schaja said, adding that the fund will short companies that he and his team deem to be fundamentally flawed.
Schaja has spent the last 15 years serving in various roles at mutual fund firm Baron Capital, most recently as president and chief operating officer. He said that one of the strengths of the newly-created firm is the experience the management team has both running the strategy as well as working together.
Schaja co-founded RiverPark Capital with Mitchell Rubin, who also worked at Baron Funds for more than a decade, the last seven years of which he spent as a portfolio manager.
"We are basically a team that has worked together for between 10-12 years, and [the new fund] is something that is clearly driven off of our historical experiences," he said. "It is a process that we have been doing for a long time, but now we have more flexibility."
The New York-based firm has launched the RiverPark Partners Fund with approximately $100 million in commitments. The fees are 1.5% for management and 20% for performance for a one-year lockup, with the performance fee dropping to 16% for investors who opt for a three-year lockup.
Goldman Sachs is the prime broker and administrator of the fund, Proskauer Rose is the legal counsel and Rothstein Kass is the auditor.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...