Capitalizing on Closed-End Funds: Investment Strategy and Market Outlook – Clough Capital Partners – 9.26.24

Summary:

Now On Demand

This interactive discussion will include:

• A closed-end fund refresher and update on the space
• Discussion of the impact declining rates may have on the closed-end fund universe
• Presentation from Chuck Clough on today’s economy

Speakers:

Clough has been active in the securities and investment business for over 57 years. Prior to founding Clough Capital, Chuck served as the Chief Global Investment Strategist from 1987 through 1999 at Merrill Lynch & Co. During this time, he advised many of the world’s top institutions and investors on portfolio strategy. Prior to his tenure at Merrill Lynch & Co., Chuck was Director of Investment Policy and Chief Strategist at Cowen & Co. Previously, he served as the Director of Research and a Portfolio Manager at the Boston Company, a Portfolio Manager at Colonial Management Associates and a Vice President and Senior Research Analyst for both Donaldson, Lufkin & Jenrette and Alliance Capital Management Company.

Chuck serves on the boards of a number of medical, educational and charitable institutions, including his alma mater, Boston College. Chuck graduated magna cum laude with a major in History and a minor in Economics from Boston College and earned an MBA at the University of Chicago. He has been a CFA^® charterholder since 1979. Chuck is an ordained permanent deacon in the Roman Catholic Archdiocese of Boston and serves in that capacity at his local parish in Concord, MA.

Vince Lorusso has been in the investment industry for over 26 years, including a prior tenure with Clough Capital from 2004 to 2020 when he served as a Research Analyst, Portfolio Manager & Partner. Prior to rejoining Clough Capital in 2023, Vince had been the President, CEO and Portfolio Manager of Changebridge Capital, LLC. Changebridge was co-founded by Vince in 2020 to provide actively managed strategies to investors in the ETF structure. Those ETFs are now advised by Clough Capital, with Vince remaining as Portfolio Manager of the ETFs, a role he has served since the inception of the two strategies. Prior to joining Clough Capital, Vince held several roles from 1998 to 2004 at Natixis Asset Management, including Investor Representative, Project Manager and Senior Investment Consultant.

Vince serves as a member of the Investment Committee for Louisa May Alcott’s Orchard House, which serves as a historic museum in Concord, MA. Vince also serves on the Investment Committee for the Nashoba Brooks School. Vince holds BS in Finance & English and an MS in Finance, both from Boston College.

Bill Whelan joined Clough Capital in 2014 and has over 19 years of experience in the investment management industry. In 2023, Bill was named Co-Portfolio Manager of the Firm’s three closed-end mutual funds. Prior to joining Clough Capital, Bill was an Investment Principal at Partners Capital, a private investment office focused on multi-asset class investing, from 2010 to 2014. Previously, Bill was an Equity Research Analyst at Millennium Management, a multi-strategy hedge fund, from 2008 to 2009 and at Fidelity Management and Research from 2005 to 2008. He holds a B.A. in Economics from Harvard College.