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Rating:A Chicago Fund Shop Replaces its Vendor Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, December 6, 2010

A Chicago Fund Shop Replaces its Vendor

Reported by Armie Margaret Lee

RiverNorth Capital has hired ALPS Fund Services as the new transfer agent, fund accountant and administrator for its five-star mutual fund, the $396.4 million RiverNorth Core Opportunity Fund. The appointment is effective today. Huntington Asset Services (formerly known as Unified Fund Services) was the previous vendor. [SEC filing]

Also effective today, ALPS Fund Distributors took over from Unified Financial Securities as the fund's distributor.

Meanwhile, Chicago-based RiverNorth is preparing to launch a new fund. The RiverNorth/DoubleLine Strategic Income Fund will be sub-advised by Jeff Gundlach's DoubleLine Capital. 

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