SWZ: Will Be Converting To A 'Hedge Fund' Style CEF
Summary
The Swiss Helvetia Fund will soon shift to a hedge fund style investment strategy, focusing on undervalued U.S. securities with growth potential and closed-end fund activism.
The fund discount may narrow because of the new investment strategy.
The advisory fee will increase from 0.70% to 1.00%, which management justifies by higher human capital req…
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