RiverNorth Opportunities Fund, Inc. Overview
Pro stress-test →RiverNorth Opportunities Fund, Inc. is a diversified, closed-end management investment company with an investment objective of total return consisting of capital appreciation and current income. The Fund employs a tactical asset allocation strategy primarily comprised of closed-end funds (CEFs), exchange-traded funds (ETFs), special purpose acquisition companies (SPACs), and business development companies (BDCs).
Strategic Profile
Pro stress-test →RiverNorth believes closed-end funds offer a distinct structure whereby investors can purchase a diversified fund and potentially generate additional return through the change in the relationship between the closed-end fund's market price and Net Asset Value (NAV). RiverNorth implements an opportunistic investment strategy designed to capitalize on the inefficiencies in the closed-end fund space while simultaneously providing diversified exposure to several asset classes.
Competitive Landscape
Pro stress-test →RiverNorth Opportunities Fund operates in the closed-end fund and alternative investment space, competing with other CEF managers and fund sponsors that offer similar tactical allocation strategies. Competitors include other diversified CEF managers and alternative income-focused investment vehicles.
Industry Context
RiverNorth Opportunities Fund, Inc. operates in Hedge Funds.
Key facts
Founded: 2015 · Headquarters: Denver, US · Revenue: N/A · Market cap: N/A