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Ed
Guest
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 Posted:
Fri Oct 21, 2005 9:31 pm Post subject:
Anyone remember Chuck Clough? |
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He worked for Merrill Lynch some time ago and was a frequent guest on CNBC.
This was a long time ago. I always trued to catch him when he was on.
Anyway, he left ML and started up his ownn firm, Clough Capital Partners.
Last year he started a CEF and I've been casually watching it. Doing well.
http://www.etfconnect.com/select/fundPages/other.asp?MFID=130734
I don't want to buy it here but I wouldn't be surprised if I owned it
sometime between now and the end of next year.
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mac
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darkness39
Guest
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| Posted:
Fri Oct 28, 2005 2:22 pm Post subject:
Re: Anyone remember Chuck Clough? |
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Ed
Thank you for the very helpful tip.
D.
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Ed
Guest
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| Posted:
Fri Oct 28, 2005 2:49 pm Post subject:
Re: Anyone remember Chuck Clough? |
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"darkness39" <darkness39@yahoo.com> wrote in message
news:1130491331.136213.62350@g14g2000cwa.googlegroups.com...
| Quote: | Ed
Thank you for the very helpful tip.
D.
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You're welcome. He also has a global equity fund:
http://www.etfconnect.com/select/fundPages/global.asp?MFID=144113
I think I favor the Global Allocation Fund but I'm keeping an eye on both of
them.
These new CEF's often fall into a discount after a year or so, I'm waiting
for that and/or more positive market conditions.
I always enjoyed his commentary when he appeared on CNBC, he's pretty sharp. |
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darkness39
Guest
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| Posted:
Fri Oct 28, 2005 11:31 pm Post subject:
Re: Anyone remember Chuck Clough? |
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Ed wrote:
| Quote: | "darkness39" <darkness39@yahoo.com> wrote in message
news:1130491331.136213.62350@g14g2000cwa.googlegroups.com...
Ed
Thank you for the very helpful tip.
D.
You're welcome. He also has a global equity fund:
http://www.etfconnect.com/select/fundPages/global.asp?MFID=144113
I think I favor the Global Allocation Fund but I'm keeping an eye on both of
them.
These new CEF's often fall into a discount after a year or so, I'm waiting
for that and/or more positive market conditions.
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I never get market conditions right (except to note that I make money
when people are bearish and worried, and lose it when they are
bullish).
I agree the discount is the thing to look for in a CEF. With
arbitrageurs/ hedge funds chasing these things, it will be rare to get
a discount as low as 10% (eg the Salomon fund a consistent 20% discount
fund for years, is now being raided) whereas 15% was often reachable in
the past. It will require another financial crisis a la Mexico, Russia
or Long Term Capital Mgmt to get back to those levels I feel.
| Quote: |
I always enjoyed his commentary when he appeared on CNBC, he's pretty sharp.
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In the days when I read such things, his commentary made a lot of sense
to me. He has seen everything in markets for over 20 years and began
his career I think in the 70s when markets where much more like they
are now than they were in the 80s and 90s.
The funds could be a useful diversifier to an investor (call it 'value/
catalyst' in orientation).
Once again, thank you. |
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