2012 Closed-End Fund Conference
Attendees of the Investment Company Institute’s 2012 Closed-End Fund Conference had the opportunity to get the latest information on issues affecting closed-end funds, as well as the perspective of fund sponsors, fund shareholders, independent directors, accountants, attorneys, and regulators. The conference was held in New York, NY on November 27, 2012.
- Attendees may access materials online for up to two weeks after the conference.
The conference panels addressed the most important issues for closed-end funds, including a panel that focused on New Products and Trends for the Closed-End Fund Industry.
This panel discussed new types of closed-end funds being developed and other trends in the industry. The panelists examined the drivers behind the development of alternative or commodity funds, funds of hedge funds, funds with hedge fund–like strategies, and defined-term funds. In addition, the issues in pursuing these new types of funds (such as the use of commodities and other derivatives) were explored. The panelists also considered the trend of listing in multiple jurisdictions and the issues related to multiple listings.
Other panels included:
- The Search for “Yield” and the Changing Face of Leverage
- Bringing Closed-End Funds to Market: Opportunities and Challenges
- Corporate Governance Issues for Closed-End Funds and Other Regulatory Developments
The conference also featured two keynote sessions:
One-on-One with Peter Morici
Peter Morici, a leading economist, author, professor of business, and former director of economics at the U.S. International Trade Commission, discussed the outlook for the global economy with Keith A. Weller, Executive Director and Senior Associate Counsel for UBS Global Asset Management (Americas) Inc. and Chair of the ICI Closed-End Investment Company Committee.
Luncheon Address by Jim VandeHei
Cofounder and executive editor of Politico, Jim VandeHei gave his perspective on the 2012 presidential election and what it means for the nation and for the financial industry.
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