Ares Perspectives: The Evolving Real Estate Environment
Ares Perspectives: The Evolving Real Estate Environment March 16, 2026
AICA CEF Panel: Bank Debt, Tax-Exempt Muni Bonds Offer Yield Option for Income Seekers
With bank debt priced for a crisis and tax-exempt municipal bonds generating unprecedented yields, there’s never been a better time for advisors to coax income-seeking retail investors out of money markets and into select closed-end funds (CEF) to help them manage recessionary risk, a leadership panel at AICA’s 2023 Fall Roundtable said. This window of opportunity could be short-lived, but it’s one that potentially offers attractive yield relative to other fixed income asset classes, experts from Angel Oak, abrdn, and Nuveen said at the November 15, 2023, event in New York City.
AICA Member Profile: Saratoga Investment Corp
Saratoga Investment Corp. is a New York-based business development company (BDC) that provides debt financing and equity capital to middle market companies. The BDC is listed with the NYSE ticker symbol “SAR” and has been managed since 2010 by Saratoga Investment Advisors, LLC, an affiliate of Saratoga Partners, which was founded almost 40 years ago as a division of the New York investment firm Dillon, Read & Co. Saratoga Partners has been an independent firm since its spinoff from Dillon Read in the 90s.
AICA CEF Panel: Leveraged Finance Balances Portfolio Risk, Reward
As financial advisors question the future of the economy, a panel of leading asset managers at AICA’s 2023 Fall Roundtable said high-yield bonds, leveraged loans, and collateralized loan obligations (CLOs) provided performance-enhancing boosts to their managed portfolios this year, spelling good news for fixed income investors. With closed-end funds (CEF) currently trading at a discount to NAV, allocating to leveraged finance has helped cultivate yield, experts from Octagon Credit Investors, abrdn, Ares Management, and Nuveen said at the November 15, 2023, event in New York City.
Variant’s Hicks on mixing an impact on more than investors’ finances
Drake Hicks, Head of Impact Investing at Variant Investments, discusses the unusual intersection of closed-end funds with impact investing, which goes beyond ESG (environmental, social and government principles) to invest in projects which have a purpose beyond ...
XA’s DiBernardo on covered-call strategies gaining ground and popularity
Ray DiBernardo, Portfolio Manager of the XAI Madison Equity Premium Income fund, says that covered-call strategies have become increasingly popular of late, as investors want to goose income while reducing market risk. DiBernardo, an analyst at Madison Investments, notes ...
