RMB Mendon Financial Long/Short Fund Class I
RMBIX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 115 South Lasalle Street Chicago IL 60603
- IPO Date
- Dec 31, 2009
- CIK
- 0000030126
- Similar Companies
- Business
- RMB Mendon Financial Long/Short Fund Class I (RMBIX) is a mutual fund that seeks capital appreciation by investing under normal circumstances at least 80% of its net assets, plus any borrowings for investment purposes, in securities of financial services companies, employing a long/short equity strategy that includes long positions in undervalued stocks and short positions in overvalued ones; it may also invest in derivatives, cash equivalents, short-term debt instruments, and money market funds. The fund targets primarily small-capitalization U.S. financial services companies, including banks, thrifts, insurance providers, mortgage REITs, business development companies, and specialty finance firms, while seeking those with strong management, sound financial practices, sustainable earnings growth, and merger and acquisition potential. Headquartered in Chicago, Illinois, under the management of Curi RMB Capital, LLC (formerly RMB Capital Management, LLC), with sub-advisory services provided by Mendon Capital Advisors Corp., the fund operates as a series of RMB Investors Trust and commenced operations on April 30, 2004, previously known as the Burnham Financial Long/Short Fund from 2014 to 2016 and Burnham Financial Industries Fund prior thereto. It primarily serves U.S. individual and institutional investors through various share classes, including Class I (no sales charge, minimum initial investment typically applicable), Class A (up to 5.00% front-end load), and Class C (up to 1.00% deferred sales charge). In recent developments, RMB Capital Management merged with Curi Capital effective January 1, 2024, forming Curi RMB Capital, LLC, which now serves as the primary adviser managing nearly $10 billion in assets and maintaining continuity in fund operations under portfolio manager Anton V. Schutz, founder and president of Mendon Capital Advisors. This strategic combination enhances the firm's resources and scale without altering the fund's investment objectives, advisory agreements, or day-to-day management. As of November 30, 2025, the broader RMB Mendon Financial Services Fund family reports aggregate assets under management of $223.3 million, with the Long/Short Fund contributing to the specialized financial sector focus amid ongoing portfolio updates including a 52.68% turnover ratio and 92.43% active share as of September 30, 2025.