US EditionAcademic Literature in Support of CEF Activism: We Don’t Think Those Studies Mean What You Think They Mean
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Academic Literature in Support of CEF Activism: We Don’t Think Those Studies Mean What You Think They Mean
Academic Literature in Support of CEF Activism: We Don’t Think Those Studies Mean What You Think They Mean Fri, 04/11/2025 - 17:16 OverviewOne of the most enduring questions in finance is the puzzle of why closed-end funds (CEFs) trade at a discount to their net asset values (NAV). Despite nearly 60 years of academic research,[1] the issue remains unsettled.[2]The issue is at the center of a current policy debate. In submissions to the SEC regar…
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