RiverNorth Capital Management has acquired a minority stake in TrueMark Investments, an Illinois-based asset manager and Advisor to the TrueShares actively managed ETFs.
The two firms will work jointly to develop a suite of ETFs under the RiverNorth brand, complementing its existing fund line-up which currently includes mutual funds, closed-end funds, private funds, SMAs, and soon to be ETFs. TrueMark’s capabilities will serve as an expansion of RiverNorth’s existing strengths in delivering opportunistic investment strategies to investors through a variety of investment vehicles.
