RiverPark Short Term High Yield Fund - (RPHIX-Instl., RPHYX-Retail)


The Fund focuses on short term high yield securities for which they believe credit ratings do not accurately reflect a company's ability to meet their short term credit obligations. The Short Term High Yield Fund seeks to make investments in fixed income securities of companies that have announced or, in Cohanzick's opinion, will announce a funding event, reorganization or other corporate event that they believe will have a positive impact on a company's ability to repay their debt. Additionally, the Fund will invest in securities in which it perceives there is limited near term risk of default. In Cohanzick's view the risks associated with investing in short term high yield debt are very different from investing in long-dated paper in which operating performance and business sustainability are of primary concern.

For further information on the sub-advisor, please visit www.cohanzick.com.

Our Portfolio Manager


David K. Sherman
David K. Sherman

David K. Sherman

Principal, Cohanzick Management, LLC

Cohanzick Management, LLC (Cohanzick) of Pleasantville, New York serves as the Sub-Adviser to the RiverPark Short Term High Yield Fund. David K. Sherman founded Cohanzick in 1996 and serves as the portfolio manager primarily responsible for the investment decisions of the Fund. Prior to founding Cohanzick, Mr. Sherman held various executive and director positions at Leucadia National Corporation and/or its subsidiaries.

Mr. Sherman holds a BS in Business Administration
from Washington University.