Investment Approach

Alpha Sources Unique to Closed-End Funds

Alpha generation from “discount narrowing” between a closed-end fund’s daily market price and its published daily net asset value is only available in the
closed-end fund market. This return source is unique and complementary to other traditional investments in a client’s portfolio.

The results of our investment approach over time have been solid risk-adjusted returns and the ability to capitalize on alpha sources not available in traditional investment vehicles like ETFs or open-end mutual funds.