RiverPark Advisors first came into the spotlight as a sub-advisor on four actively-managed ETFs launched by Grail Advisors back Oct 2009. In Feb 2010, RiverPark chose to file with SEC to launch its own actively-managed ETF, on what we suggested may be the start of sub-advisors stepping up and going to market by themselves. On July 29th, RiverPark filed an amended 40-APP with the SEC which included some changes in the proposed “initial funds” that RiverPark is looking to launch.
RiverPark Advisors
On Feb 17, 2010, RiverPark Advisors filed for exemptive relief to launch two actively-managed ETFs – the RP Short Term High Yield Bond ETF and the RP Energy ETF. Previously, RiverPark has been the sub-advisor to 4 Active ETFs launched by Grail Advisors, in Oct 2009. However, evidently the arrangement between RiverPark and Grail was not exclusive as RiverPark is now planning to launch Active ETFs of its own.
