RiverPark Introduces RiverPark/Gargoyle Hedged Value Fund

RiverPark Advisors LLC ( www.riverparkfunds.com), a New York-based investment advisory company, has introduced the RiverPark/Gargoyle Hedged Value Fund, it was announced today.

The new fund is a conversion of the Gargoyle Hedged Value Fund L.P., which has a 12-year performance record as a hedge fund. It is sub-advised by Gargoyle Investment Advisor L.L.C., with Gargoyle’s co-founders Alan L. Salzbank and Joshua B. Parker as co-portfolio managers. Salzbank and Parker have more than two decades of experience developing and managing options strategies, and have acted as co-portfolio managers on the Gargoyle Hedged Value Fund L.P. since its inception.

RiverPark/Gargoyle Hedged Value Fund employs two time-tested investment strategies – value-oriented stock investing and index option over-writing – in seeking to provide long-term capital appreciation with lower risk than the broad stock market.

“The RiverPark/Gargoyle Hedged Value Fund seeks to provide investors a conservative way to gain market exposure in today’s challenging investing environment,” said Josh Parker, President of Gargoyle. “By selling index call options, the Fund seeks to generate an income cushion to partially hedge its long equity positions.”

The RiverPark/Gargoyle Hedged Valued Fund will generally stay fully invested in the equity securities of medium-to-large capitalization companies, which is currently defined as those with a minimum of $1.5 billion in market value. It will partially hedge the stock portfolio by selling near-term index call options.

The RiverPark/Gargoyle Hedged Value Fund is being offered in two share classes – Retail and Institutional, with expense ratios of 1.50% and 1.25% respectively.

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. More information is available at www.riverparkfunds.com.

To determine if these Funds are 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 prospectus, which may be obtained by calling 1-888-564-4517 or by visiting the website at www.riverparkfunds.com . Please read the prospectus carefully before investing.

Mutual fund investing involves risk, including possible loss of principal. The Fund will expose investors to the risks inherent in trading options. These risks include, but are not limited to, volatile movements in the price of the underlying instrument and misjudgments as to the future prices of the options and/or the underlying instrument.

RiverPark/Gargoyle Hedged Value Fund is distributed by SEI Investments Distribution Co., which is not affiliated with RiverPark Advisors, LLC, Gargoyle Investment Advisor LLC, or any of their affiliates. The RiverPark/Gargoyle Hedged Value Fund are available to U.S. investors only.

Copyright Business Wire 2010