The goal of purchasing assets at a discount is an innate concept in any market system. In the investment world, analysts and market participants are constantly evaluating individual securities and entire asset classes in a search for bargains. By their structure, closed-end funds generally trade at discounts to net asset values—irrespective of the valuation of their underlying individual holdings. As a result, closed-end funds can be a compelling solution for equity exposure in many portfolios. Please join Edward Keating, Client Portfolio Manager on Lazard’s Discounted Assets team, as he discusses the fundamentals and implications of these investments.
Featured Speaker
Edward P. Keating
Client Portfolio Manager
Edward Keating is a Client Portfolio Manager on the Discounted Assets, Global Listed Infrastructure, and Global Equity Franchise teams. He began working in the investment field in 2001, upon joining Lazard. He has a BA from Iona College.