Enhanced Exploitation of Closed-end Fund Discounts
August 4, 2014 - Mutual/Hedge Funds
Is there a best way to exploit unusual closed-end fund discounts to net asset value? In their July 2014 paper entitled “Exploiting Closed-End Fund Discounts: The Market May Be Much More Inefficient Than You Thought”, Dilip Patro, Louis Piccotti and Yangru Wu construct two regression models to predict closed-end fund returns: One model is a simple regression based on the… Keep Reading