RMB Capital, an independent investment advisory firm with over $3.8 billion in assets under management, has teamed up with Mendon Capital Advisors to manage a long/short, financial services-focused US equity strategy.
The new strategy and team will operate as part of Iron Road Capital Partners, RMB Capital’s alternative investments unit.
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Additionally, the firm has named portfolio manager Anton Schutz to manage the new strategy.
Schutz has founded Mendon Capital Advisors Corp in 1996 with a long/short and event driven investment strategy focused on investing in the financial services sector.
Schutz will work alongside assistant portfolio manager Russell Echlov. Previously, Echlov has worked at Mendon Capital Advisors from 1997 to 2001.
Blair Haarlow, managing principal, Iron Road Capital Partners, said: "With its exclusive focus on the financial services sector, this strategy fills a niche investment category not covered by our existing strategies — long/short stressed debt and another long/short U.S. equity strategy that specifically excludes financials and energy stocks."
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By GlobalDataSchutz said: "By joining forces with RMB, we’re able to bolster our infrastructure with the firm’s robust operational expertise and capabilities related to technology, compliance, and other back-office functions."
