RiverNorth Capital Management today filed a registration with the U.S. Securities and Exchange Commission for a new mutual fund—the RiverNorth/Oaktree High Income Fund. The fund will be sub-advised by Oaktree Capital Management, an investment management firm with $78.7 billion in assets under management.

The RiverNorth/Oaktree High Income Fund’s assets will be allocated among three principal strategies: a Tactical Closed-End Fund strategy, a High Yield strategy and a Senior Loan strategy, according to the firms’ SEC filing. RiverNorth, which specializes in tactical closed-end fund strategies, will manage that portion of the new fund, while Oaktree Capital will manage the high yield and senior loan portions.

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