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Stock impact report

RiverNorth Capital Management Partners With Kudu Investment Management to Support Expansion

White Mountains Insurance Group, Ltd. (WTM) 
Last white mountains insurance group, ltd. earnings: 2/6 08:00 am Check Earnings Report
US:NYSE Investor Relations: whitemountains.com
Company Research Source: PR Newswire
WEST PALM BEACH, Fla. and NEW YORK, Dec. 4, 2024 /PRNewswire/ -- RiverNorth Capital Management, LLC (RiverNorth), an investment manager  that specializes in opportunistic strategies and closed-end funds, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to asset and wealth managers globally, today announced that Kudu has made a passive, minority investment in RiverNorth to support the firm's growth. Financial terms were not disclosed.Founded in 2000, RiverNorth manages $5.2 billion of assets in registered funds, private funds and separately managed accounts that seek to identify and profit from inefficiencies in niche markets. With offices in West Palm Beach, Florida, and Chicago, RiverNorth remains majority employee-owned and controlled. Patrick Galley, CEO and chief investment officer, continues to lead the firm."In Kudu we have found a strategic partner that understands our boutique investment culture and shares our entrepreneurial spirit," Galle Show less Read more
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