RMB Asset Management has introduced a new global long/short financial strategy in partnership with Mendon Capital.
An extension of Mendon’s current U.S. financial strategy, the new strategy requires a minimum investment of $250,000.
The company has named Anton Schutz and Russell Echlov as co-portfolio managers of the new global long/short strategy.
RMB Capital founding partner, CEO, and chief investment officer Richard Burridge, Jr. said: “The timing of this launch is deliberate. The rest of the world has been much slower to recover from the financial crisis than the U.S., but we’re now seeing a synchronized uptick in global growth.
“We are confident that the Mendon team’s deep financial sector expertise and rigorous investment process will lead them to uncover attractive opportunities internationally.”
Echlov commented: “We have capitalised on recapitalisation and consolidation in the banking sector in the US, and this trend is also playing out on a global scale. We are very excited to have the ability to access that untapped value.”
RMB Asset Management, which specialises in long-term, concentrated, active investing strategies, is part of investment and advisory firm RMB Capital that has more than $9.3bn in assets under management.