2018 Closed-End Fund Conference
November 14
New York, NY

Preliminary Program

8:00 a.m.–4:15 p.m.


8:00–9:00 a.m.

Networking Breakfast

9:10–9:15 a.m.


9:15–10:00 a.m.

Keynote Speaker

David Walker
Respected Strategic Advisor, Author, and Champion of Government Transformation and Fiscal Responsibility

10:00–10:20 a.m.

Networking Break

10:20–11:20 a.m.

Current State of the Closed-End Fund Industry 2018: Where Are We Now and Where Do We Go from Here?

Total closed-end fund assets increased in 2017, despite a dearth of new fund offerings and a number of challenges to their day-to-day operations. This panel will review the latest closed-end fund trends for both primary and secondary offerings, as well as shareholder activist activity. It will also discuss how closed-end funds have ended up where they are and how they can take advantage of the current market environment.

Robert Bush, Moderator
Senior Vice President, Director of Closed-End Fund Products
Calamos Investments

Laura Bissell
Senior Managing Director and Head of Mutual Fund Group
Okapi Partners

Mariana Bush
Research Director
Wells Fargo Investment Institute

Mark DeFelice
Managing Director
Stifel Nicolaus & Co.

Stephen Minar
BlackRock Funds

11:25 a.m.–12:25 p.m.

Alternative Closed-End Funds: Fads or the Next Big Thing?

Closed-end fund offerings are moving away from traditional, non-redeemable, long-term products to more nuanced structures, such as interval and tender offer funds. This panel will discuss the genesis for the trend, the assets being raised, issues and considerations for these alternative structures, and whether such structures will become an important part of the market.

Jay Jackson, Moderator
Senior Counsel

Randy Anderson
Griffin Capital Asset Management Company

Christian Clayton
Vice President

Charles Upchurch
Director, Wealth Management Services and Clearing
TD Ameritrade

George Zornada
K&L Gates

12:30–1:35 p.m.

Luncheon with Speaker

Bill Taylor
Founding Editor, Fast Company
Best-Selling Author

1:40–2:40 p.m.

Closed-End Fund Distribution Issues

The success and failure of closed-end fund offerings often lie with their distribution. Which ideas resonate with distributors and which do not? Are closed-end funds fulfilling the needs of different investors? Like the proverbial chicken and egg, do the results in the secondary market drive primary market offerings or vice versa? This panel will discuss recent challenges and successes around closed-end fund distribution.

William Meyers, Moderator
Co-Head, Closed-End Funds
Nuveen Investments

Amy Charles
Managing Director
Raymond James

Ken Fincher
Senior Vice President, Portfolio Manager
First Trust Advisors

Anne Kritzmire
Managing Director
Nuveen Investments

Ron Miller
Executive Director
Morgan Stanley Investment Solutions

2:40–3:00 p.m.

Networking Break

3:00–4:00 p.m.

Closed-End Fund Regulatory and Compliance Issues

The Department of Labor fiduciary rule is dead…or is it? What lingering effects did that rule have on closed-end fund distribution? How will the SEC’s best-interest rulemaking affect future offerings? In addition, Congress and the regulators have proposed new legislation and rulemakings that will affect closed-end funds. This panel will discuss how fund groups will deal with the new and changing regulatory environment.

Wu-Kwan Kit, Moderator
Vice President
Counsel, Regulatory

Michael Spratt
Assistant Director, Division of Investment Management
Securities and Exchange Commission

Dave Sullivan
Ropes & Gray LLP

Larry Stadulis
Stradley, Ronon, Stevens & Young LLP