RiverPark Short Term High Yield Fund And RiverPark Strategic Income Fund Q2 2018 Commentary

Summary

  • Includes detailed analysis of RiverPark Short Term High Yield Fund And RiverPark Strategic Income Fund's positions in MDR, T.
  • Seeking to enhance portfolio returns in a low yield environment, we are selectively taking advantage of opportunities presented by the increase in M&A activity.
  • A wave of downgrades, an increase in credit stress and a rising rate environment are likely to cause price declines for good credits as well as bad; thus, our high level of short-term investments and low duration will provide us with dry powder to make good investments at more attractive levels.
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