RiverPark Marks Third Anniversary of Fund Family Realizing Significant Milestones


RiverPark Marks Third Anniversary of Fund Family Realizing Significant Milestones

Fund family surpasses $2.2 billion in Assets; RiverPark/Wedgewood and RiverPark Large Growth both receive Morningstar five stars

New RiverPark Strategic Income Fund Launches shortly after RiverPark Short Term High Yield Fund reaches Capacity

NEW YORK--(BUSINESS WIRE)-- RiverPark Advisors, LLC marked the third anniversary of the launch of its fund family by announcing that two of its funds - the RiverPark/ Wedgewood Fund (RWGFX - Retail; RWGIX - Institutional) and the RiverPark Large Growth Fund (RPXFX - Retail; RPXIX - Institutional) have received five-star ratings from Morningstar for their institutional share classes. The retail share classes of both funds received four stars. The funds were officially launched on September 30, 2010.

"From the start, our goal has been to identify top asset managers and make them available to investors through our fund family," said Morty Schaja, co-founder and chief executive officer at RiverPark. "I am extremely proud of both portfolio management teams in that they have been able to generate top-tier performance in their first three years as mutual funds. We will continue to work hard to justify the confidence that our shareholders have placed in us."

The RiverPark/Wedgewood Fund is sub-advised by Wedgewood Partners, and managed by David Rolfe, the firm's CIO. Wedgewood is a focused large cap growth manager based in St. Louis with $6.0 billion in assets under management as of September 30, 2013 and a 21-year separate account track record for its investment strategy.

The RiverPark Large Growth Fund is managed by Mitch Rubin, RiverPark's CIO, who previously spent 12 years at Baron Funds where he managed the Baron Fifth Avenue Growth Fund (BFTHX, BFTIX), the Baron Opportunity Fund (BIOPX, BIOIX), and briefly co-managed the Baron Growth Fund (BGRFX, BGRIX).

The firm recently closed the RiverPark Short Term High Yield Fund to new investors after it reached capacity and launched a second fund, also subadvised by Cohanzick Management, the RiverPark Strategic Income Fund (RSIVX - Retail; RSIIX - Institutional). The new fund seeks to deliver high current income and capital appreciation, consistent with conservation of capital.

"Our strategic alliance with Cohanzick has lived up to all of our expectations," said Schaja. "It is a credit to David Sherman and his team at Cohanzick that demand was so strong for their first mutual fund that we were forced to close it to new investors before it reached its three year anniversary. We are excited about the new fund that is designed to capitalize on Cohanzick's core capabilities."

In addition to the funds above, the RiverPark fund family includes three liquid alternative strategies with long-term track records that were converted over the last year into mutual funds.

These are: the RiverPark Long/Short Opportunity Fund (RLSFX-Retail; RLSIX - Institutional)- inception September 30, 2009 and converted to a mutual fund on March 31, 2012; the RiverPark/ Gargoyle Hedged Value Fund (RGHVX-Retail; RGHIX - Institutional) - inception January 1, 2000 and converted to a mutual fund on April 30, 2012; and the RiverPark Structural Alpha Fund (RSAFX - Retail; RSAIX - Institutional) - inception September 26, 2008, and converted to a mutual fund on June 30, 2013.

The RiverPark Funds may be purchased directly by application to the Funds. For more information on the funds, please visit www.RiverParkFunds.com, or call Matt Kelly at (212) 484-2103.

About RiverPark Advisors LLC

RiverPark Advisors, LLC is a New York-based investment advisory company and the sponsor of the RiverPark family of mutual funds. As of 10/9/2013, RiverPark managed approximately $2.2 billion in assets across its seven fund family. More information is available at www.riverparkfunds.com.

Mutual fund investing involves risk including loss of principal. Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Investments in smaller companies typically exhibit higher volatility.

The Fund may invest in securities of companies that are experiencing significant financial or business difficulties, including companies involved in bankruptcy or other reorganization and liquidation proceedings. Although such investments may result in significant returns to the Fund, they involve a substantial degree of risk.

The RiverPark Long/Short Opportunity Fund, The RiverPark/Gargoyle Fund, and the RiverPark Structural Alpha Fund use leverage. If the securities decrease in value, the Funds may suffer a greater loss than would have resulted without the use of leverage. With, short sales, losses are potentially unlimited and the expenses involved with the short strategy may impact the performance of the Fund. "The value of the Fund's positions in index options fluctuates in response to changes in the value of the underlying index. Selling index call options can reduce the risk of owning stocks, but it limits the opportunity to profit from an increase in the market value of stocks in exchange for up-front cash at the time of selling the call option. Unusual market conditions or the lack of a ready market for any particular option at a specific time may reduce the effectiveness of the fund's option strategies, and for these and other reasons the Fund's option strategies may not reduce the Fund's volatility to the extent desired. Accordingly, the purchase of Fund shares should be viewed as a long-term investment. There can be no assurance that the Fund will achieve its stated objectives. The Funds are non-diversified.

To determine if a Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and other information may be found in the Fund's summary or full prospectus, which may be obtained byclicking hereor calling 1-888-564-4517. Please read the prospectus carefully before investing.

The RiverPark mutual funds are distributed by SEI Investments Distribution Co., which is not affiliated with RiverPark Advisors, LLC, Wedgewood Partners, Inc., Cohanzick Management, LLC, Gargoyle Investment Advisors LLC, or their affiliates.

Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receives 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Ratings metrics. The RiverPark Wedgewood Fund (RWGIX, RWGFX) was rated against 1,486 U.S.-domiciled Large Growth funds in the last three years. With respect to these funds, RWGIX received a Morningstar Rating of 5 stars and RWGFX received a Morningstar rating of 4 stars for the three-year period. The RiverPark Large Growth Fund (RPXIX, RPXFX) was rated against 1,486 U.S.-domiciled Large Growth funds in the last three years. With respect to these funds, RPXIX received a Morningstar Rating of 5 stars and RPXFX received a Morningstar rating of 4 stars for the three-year period. Past performance is no guarantee of future results.

MacMillan Communications
Mike MacMillan/Chris Sullivan, 212-473-4442

KEYWORDS: United States North America New York


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