Meet NAVigator Podcast host Chuck Jaffe
Jane King interviews financial journalist Chuck Jaffe, host of AICA’s NAVigator Podcast. Jaffe discusses the genesis and purpose of the podcast, saying its aim is to enlighten the public about closed-end funds and spotlight the investment industry professionals who work with them. He says podcast discussions are never scripted and seek to provide a useful mix of educational and timely fund performance information.
Octagon’s Lam: Rising rates are creating an opportunity in the loan market
Gretchen Lam, senior portfolio manager, Octagon Credit Investors -- sub-adviser on the XAI Octagon Floating Rate & Alternative Income Term Trust -- says that while economic conditions are challenging and that a recession will be bad for the credit markets...
BlueBay’s Farley: Event-driven investing ‘should get a lot easier’
Duncan Farley, portfolio manager at BlueBay Asset Management and manager of the BlueBay Destra International Event-Driven Credit Fund, says that the current economic and market conditions that are making headlines and rattling investors...
Calamos’ Bush: Convertibles haven’t delivered on their promise, yet
Robert Bush, senior vice president and director of closed-end products at Calamos Investments, says that convertible securities -- a hybrid product built to give investors the best of stock and bond performance -- have not been giving investors their cake and letting them eat it too this year...
Choose your weapons: Arming yourself against rising rates and recession
John Cole Scott, chief investment officer at Closed-End Fund Advisors -- the chairman of the Active Investment Company Alliance -- discusses and compares floating-rate and senior loan funds with preferred-securities funds, noting that floating-rate funds are a tool for combating high and rising interest rates...
Validus’ Mark Scalzo discusses ‘direct listing’ alternatives and a massive discount
Mark Scalzo, chief investment officer at Validus Growth Investors, Manager and the portfolio manager for the newly listed Destra Multi-Alternative Fund discusses the outlook for alternative investing, the process his fund went through in changing its status and becoming one...
Trinity Capital’s Brown on double-digit yields and venture-backed growth
Kyle Brown, president and chief investment officer at Trinity Capital, explains how the company's structure helps to support double-digit yields and makes them more secure than other high-yield investments, but also discusses the business development...
Angel Oak’s Pate: Aggressive Fed actions puts community banks in a sweet spot
Cheryl Pate, senior portfolio manager for the Angel Oak Financial Strategies Income Term Trust, says that community banks stand out as a part of the financial sector that is poised to benefit into 2023, as banks will likely see the bulk of continuing rate hikes fall directly to the bottom line...
Abrdn’s Duitz: Recessionary pressure is good for infrastructure, dividend plays
Josh Duitz, deputy head of global equities at Abrdn -- portfolio manager for Abrdn Global Infrastructure Income and two of the firm's dynamic dividend funds -- says that the macro drivers for infrastructure -- globalization, upgrades and repairs, urbanization and increased demand...
Protections in Delaware law could change activist investing
Kenneth Burdon, an attorney in the investment management group at Skadden, Arps, Slate, Meagher & Flom, says the new "control share" statute enacted at the start of August by the state of Delaware should protect investors from activist investors acting like corporate raiders...
VettaFi’s Islam talks the benefits of an index of closed-end funds
Roxanna Islam, associate director of research at VettaFi -- which developed the the S-Network Composite Closed-End Fund Index and other benchmarks for the closed-end fund space -- discusses the construction of indexes of closed-end funds and the benefits to using them over individual issues...