AICA – Excellence Beyond Indexing

AICA LOGO

Replay CEF Advisors' 3Q 2026 BANNER-Home AICA 2026 FALL ROUDNTABLE

Business Advice

Insight

Christian Munafo on private markets, AI impacts

August 2nd, 2024|Comments Off on Christian Munafo on private markets, AI impacts

Christian Munafo, Chief Investment Officer, Liberty Street Advisors, Inc., and Portfolio Manager of The Private Shares Fund, explores the reasons why many companies are staying private for longer. He says that while public markets are slowly reawakening, mergers and acquisitions remain scant, concluding that “there really aren’t a lot of paths today for these companies to exit as we’ve had in prior cycles.

Sam Garetano on the Brookfield Infrastructure Income Fund

July 31st, 2024|Comments Off on Sam Garetano on the Brookfield Infrastructure Income Fund

Sam Garetano, a Senior Vice President in Brookfield’s Infrastructure Group, discusses the Brookfield Infrastructure Income Fund, Inc. (BII), a continuously offered, non-diversified closed-end fund. Garetano describes the investment vehicle as “an evergreen offering that’s intended to be a comprehensive private infrastructure allocation that provides exposure to both private infrastructure debt as well as private infrastructure equity.

CEF Discounts Continue Tailwind Trajectory in Q2 2024

July 30th, 2024|Comments Off on CEF Discounts Continue Tailwind Trajectory in Q2 2024

Discounts for the universe of closed-end funds (CEF) continued to narrow in the second quarter of 2024 — a trend that continued to make a dent even in the stubbornly inexpensive municipal bond sector, said John Cole Scott, AICA Chairman and President of Closed-End Fund Advisors (CEF Advisors), during his firm’s 50th consecutive quarterly research call.

Ready to talk?

Lorem ipsum dolor sit amet, consectetur adipisicing elit mod tempor incididunt ut labore et dolore magna aliqua.

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.

Toll Free – 888-400-9694
NYC Office – 917-268-8060

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.

Read more ...