RiverPark Advisors has launched a new family of no-load open-end mutual funds, three of which will invest in large-cap stocks.
The RiverPark Large Growth Fund seeks long-term capital appreciation by investing in large-cap stocks. The RiverPark/Wedgewood Fund has the same investment mandate but will concentrate in only 20 to 30 holdings and be sub-advised by Wedgewood Partners. The RiverPark/Gravity Long-Biased Fund shares this investment mandate as well but seeks to reduce market-related risk by investing in both stocks and equity market index ETFs. It will be sub-advised by Gravity Capital Management.