RiverNorth Capital Management adds three to staff

RiverNorth Capital Management has expanded its team with three new hires. David Gifford has been named an investment analyst while Chris Lakumb is now a portfolio specialist. Also, Paul Raskin has been hired as a software developer. Based in Chicago, RiverNorth is an investment management firm.

PRESS RELEASE

CHICAGO, Oct. 2, 2013 /PRNewswire/ — RiverNorth Capital Management, LLC (“RiverNorth”), an investment management firm specializing in opportunistic investment strategies, announced today that three professionals have been added to its various teams.
David Gifford has joined RiverNorth as an Investment Analyst. Mr. Gifford’s areas of expertise include exchange-traded funds, derivatives and index arbitrage. Prior to coming to RiverNorth, Mr. Gifford worked as a senior trader on the equity desk at Wolverine Trading, LLC for 11 years. He traded index arbitrage in over 40 indices and hedged various equity options strategies during his time at Wolverine Trading.
Chris Lakumb, CFA is a Portfolio Specialist at RiverNorth responsible for supporting the Investment Management team and serving as a liaison between RiverNorth’s portfolio managers and investor base. Mr. Lakumb has rejoined RiverNorth after relocating to California to work for EverBank as a Wealth Management Specialist. Prior to initially joining RiverNorth in 2009, he was a Managing Director at InterOcean Financial Group, LLC, where he was part of the Investment Committee and participated in investment manager research, due diligence and review processes.
Paul Raskin has joined RiverNorth as a Software Developer responsible for data operations and the development of core infrastructure and proprietary trading systems. Mr. Raskin has spent more than five years writing financial software, and most recently wrote futures and options trading applications as a Software Developer for R.J. O’Brien & Associates, LLC.
“As we continue to grow and evolve as a firm, we are excited to have David, Chris and Paul as additions to the RiverNorth team,” said Brian Schmucker, Chief Executive Officer of RiverNorth.
About RiverNorth
RiverNorth Capital Management, LLC is an investment management firm specializing in opportunistic investment strategies including the trading of closed-end funds and volatility. RiverNorth typically favors under-followed, specialty asset classes where the potential to exploit inefficiencies is greatest. RiverNorth serves as the investment adviser to RiverNorth Funds and the General Partner of multiple private investment partnerships. The firm was founded in 2000 and its office is based in Chicago.