Hedge fund-turned-mutual fund RiverPark Advisors LLC has launched the RiverPark/Gargoyle Hedged Value Fund, a conversion of the Gargoyle Hedged Value Fund L.P.

It is sub-advised by Gargoyle Investment Advisor L.L.C., with Gargoyle's co-founders Alan L. Salzbank and Joshua B. Parker serving as co-portfolio managers. The fund employs value-oriented stock investing and index option over-writing strategies.

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