Hedge Funds

Ex-RBC bankers launch River Oaks


Two Ex-RBC Capital Markets investment bankers have started up a long/short equity hedge fund. David Welch, a former managing director at RBC and Matt Johnson, a former principal at RBC, have started River Oaks Capital and launched an equity hedge fund focused mainly on small-cap and micro-cap financial services stocks.

Based in Eden Prairie, MN. the fund typically holds positions in banks and thrifts that have less than $10 billion in assets, which gives the fund a playing ground of approximately 600 banks and thrifts to choose from. This market segment is under-followed by Wall Street, as over