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Insight2016-08-01T14:51:33-04:00

CEF Advisors President John Cole Scott on the Current State of Closed-End Fund Activism

March 1st, 2024|Comments Off on CEF Advisors President John Cole Scott on the Current State of Closed-End Fund Activism

On January 17, 2024, Closed-End Fund Advisors President John Cole Scott gave a presentation on the current state of activism in closed-end funds (CEF) at an event held by CFA Society Virginia. During his presentation, Scott explained:

Calamos’ Kaufman on launching a new ETF of closed-end funds now

March 1st, 2024|Comments Off on Calamos’ Kaufman on launching a new ETF of closed-end funds now

Matt Kaufman, head of ETFs at Calamos Investments, says that years of experience running separately managed accounts of closed-end funds plus the firm's experience running closed-end funds -- as well as an investment...

AICA Panel: CEF Leverage Continues to Evolve

February 29th, 2024|Comments Off on AICA Panel: CEF Leverage Continues to Evolve

The use of leverage in closed-end funds (CEF) can enhance a fund’s overall returns and continues to evolve, a leadership panel at AICA’s 2023

12Dec, 2025

Sit’s Doty sees opportunities in the next Fed ‘mess’

By |December 12th, 2025|Podcast|

Bryce Doty, senior portfolio manager at Sit Investment Associates, says that "every time a new Fed chair comes in, they do something dumb," and with Jerome Powell on his way out as the chairman of the Federal Reserve, he expects some ...

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Disclosure: This content is provided for informational and educational purposes only and is intended solely as a summary of the views expressed. The opinions expressed are those of the speakers and/or presenters as of the date of the content, are their own opinions, may not be the opinions of AICA and are subject to change without notice.

The information contained herein should not be construed as investment advice, a recommendation to buy or sell any security, or an offer to provide advisory services.

References to specific securities, sectors, investment strategies, or market conditions are for illustrative purposes only and do not constitute investment recommendations. Any discussion of investment strategies may not be suitable for all investors, and there can be no assurance that any strategy will achieve its intended objectives.

Listed closed-end funds (CEFs) and business development companies (BDCs) trade on exchanges at prices that may be above or below their NAVs. There is no guarantee that an investor can sell shares at a price greater than or equal to the purchase price, or that a CEF’s or BDC’s discount will narrow or be eliminated. Non-listed closed-end funds and business development companies do not offer investors daily liquidity, but rather on a quarterly or semi-annual basis, often on a small percentage of shares. CEFs often use leverage, which can increase a fund’s risk or volatility. The actual amount of distributions may vary with fund performance and other conditions.

Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal. Forward-looking statements, expectations, and projections are inherently uncertain, and actual results may differ materially from those discussed.

This content does not take into account the specific investment objectives, financial situation, or particular needs of any individual investor. Prospective investors should consult their financial, legal, and tax advisers before making any investment decision.

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Disclaimer Statement

Active Investment Company Alliance The Active Investment Company Alliance (“AICA”) is a trade association committed to educating and engaging investment professionals and investors about closed-end management companies: listed and non-listed closed-end funds, business development companies, interval funds and tender offer funds. The alliance supports transparency and, therefore, does not allow any agent, employee or representative to personally solicit any investment or accept any monies to be invested in a particular fund or security.

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