The RiverPark/Wedgewood Fund is sponsored by RiverPark Advisors LLC. It is focused on large cap, open-end growth and is a subsidiary of Wedgewood Partners. The firm announced today that it has reached a total of US$1 billion in assets under its management as of June 21.
The company seeks to make investments in about 20 to 22 companies. This would be done through market capitalizations in excess of US$5 billion. David Rolfe is the manager of RiverPark/Wedgewood Fund. Wedgewood also believed that valuation is the key to generating attractive returns while investing in growth companies.
RiverPark used a mix of in-house sub-advisors and portfolio managers to oversee its funds. As of June 21, 2013, the company has around US$1.9 billion in assets under its management. This includes the RiverPark Large Growth Fund, the RiverPark Long/Short Opportunity Fund, the RiverPark/Gargoyle Hedged Valued Fund and the RiverPark Short Term High Yield Fund.
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