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Artwork for The NAVigator
Closed End Funds
Closed-End Funds
Business Development Companies
Active Investment Company Alliance
Interest Rates
Private Equity
Artificial Intelligence
CLO (collateralized Loan Obligation)
Fixed Income
Bond Market
Energy Infrastructure
Municipal Bonds
Yield Curve
Venture Capital
Natural Gas
Alternative Assets
Retail Investor Participation
Investment Companies
Investing
Alternative Investments

The NAVigator, from the Active Investment Company Alliance (AICA), talks all-weather investing and "excellence beyond indexing" through the use of closed-end funds (CEFs) & business-development companies (BDCs). AICA – a new organization that includes a diverse constituency that runs from investors through fund sponsors – aims to help investors & advisors plot a new and different course to financi... more

PublishesWeeklyEpisodes300Founded6 years ago
Number of ListenersCategories
BusinessInvesting

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Artwork for The NAVigator

Latest Episodes

Long-time activist investor Phil Goldstein of Bulldog Investors sat down with NAVigator host Chuck Jaffe at the Active Investment Company Alliance Fall Roundtable in New York City on Nov. 19 to discuss the current state of shareholder activism and wh... more

John Cole Scott, President of CEF Advisors, looks at tax-loss selling season and whether it has started yet, noting that a few asset classes have largely been able to avoid situations where there will be widespread harvesting this year, while others ... more

The Active Investment Company Alliance held its annual Fall Roundtable in New York City on Nov. 19, and NAVigator host Chuck interviewed Ryan Paylor, Portfolio Manager at Thomas J. Herzfeld Advisors, which recently converted a closed-end fund from a ... more

Consumers have a tradition of going bargain hunting on Black Friday, but The NAVigator has a day-after-Thanksgiving ritual too, looking for discounts on closed-end funds with John Cole Scott, President of CEF Advisors and The Chairman of the Active I... more

In an interview recorded at the Active Investment Company Alliance Fall Round Table in New York City on Wednesday, Nov. 19, David Tepper of Tepper Capital Management talks about the state of the closed-end fund business, ranging from the classic fund... more

Josh Duitz, Global Head of Income for Aberdeen — Manager of the Aberdeen Total Dynamic Dividend Fund — talks about where he is finding success in generating elevated income at a time when rate cuts are making it harder for investors to earn easy yiel... more

Seth Brufsky, Chief Executive Officer for the Ares Dynamic Credit Allocation Fund, talks about how the start of rate cuts and a falling interest rate environment impacts high-yield bonds, leveraged loans and collateralized loan obligations, noting th... more

Ravi Chintapalli, Client Portfolio Manager covering leveraged finance for the Nuveen Global Fixed Income team, says that he has never seen a high-yield market that has been higher quality than what he is seeing now. That helps to explain tighter spre... more

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Recent Guests

Danielle Poli
Portfolio Manager at Oaktree Capital Management, focusing on Global Credit Strategy.
Oaktree Capital Management
Episode: Oaktree's Poli: Amid concerns over stocks and bonds, credit is the place to be
Bryce Doty
Senior Portfolio Manager at Sit Investment Associates
Sit Investment Associates
Episode: Sit's Doty is trading up and still expecting double-digit gains this year
John Cole Scott
President of Closed End Fund Advisors, chairman of the Active Investment Company Alliance
Closed End Fund Advisors
Episode: John Cole Scott on closed-end funds that can weather this storm
Eric Purington
Portfolio manager for the Aberdeen Global Infrastructure Income Fund
Aberdeen Global Infrastructure Income Fund
Episode: Aberdeen Purington: Middle-market infrastructure will be a sweet spot for years
Tony Rodriguez
Head of fixed income strategy at Nuveen
Nuveen
Episode: The NAVigator at FutureProof: Nuveen's Rodriguez on what wins with rate cuts
Roxanna Islam
Head of Sector and Industry Research at VettaFi
VettaFi
Episode: VettaFi's Islam: Now 15, the 'S&P 500 of closed-end funds' has a big impact
Kimberly Flynn
President at XA Investments, a leading provider of research for listed closed-end funds and interval funds
XA Investments
Episode: XA's Flynn: Healthy borrowers should keep CLO space humming
Richard Stone
Chief Executive Officer for the Association of Investment Companies
Association of Investment Companies
Episode: How activism in Britain holds lessons for American closed-end investors
Jim Baker
President of Kayne Anderson Energy Infrastructure Fund
Kayne Anderson Capital Advisors
Episode: Kayne Anderson's Baker on the big potential of energy infrastructure

Host

Chuck Jaffe
Host and Producer, specializing in financial analysis and investment strategies, particularly relevant to closed-end funds and business development companies.

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Wake Up to WealthBrandon Brittingham
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Talking Points

Recent interactions between the hosts and their guests.

John Cole Scott on how the wild market action is impacting closed-end funds
Q: Are you finding that there are some opportunities to make changes to portfolios given the volatility?
Yes, Scott indicates that due to rapid changes in discounts, investors should consider upgrading their portfolios, especially in CEFs where there are tax loss harvesting opportunities.
John Cole Scott on how the wild market action is impacting closed-end funds
Q: How are Closed End Funds performing amid the current market volatility?
John Cole Scott mentions that CEFs are affected by rising treasury yields and that discounts have widened, particularly in the bond sector. He points out that while some funds are experiencing downturns, there are still opportunities for investors due to high yields and wider discounts.
John Cole Scott on BDCs, how they stack up to closed-end funds and more
Q: What's the absolute downside of a business development company in a market downturn?
In downturns, individual loans in a BDC can hurt dividends and NAV, similar to regular bond funds.
John Cole Scott on BDCs, how they stack up to closed-end funds and more
Q: How do you find less risky BDCs?
We manage risk by allocating a smaller percentage to BDCs in our portfolios and focusing on the best managers.
Aberdeen Purington: Middle-market infrastructure will be a sweet spot for years
Q: How much do you worry about politics affecting infrastructure investments?
We review political influences when making investments but believe infrastructure is generally a safe asset class regardless of political changes.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Gender Skew
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Frequently Asked Questions About The NAVigator

What is The NAVigator about and what kind of topics does it cover?

A series of discussions centered on the dynamics of closed-end funds (CEFs) and business development companies (BDCs), emphasizing sophisticated and tactical investment strategies. Experts from various financial backgrounds share insights on market volatility, interest rates, and unique investment opportunities, highlighting the resilience of credit markets compared to traditional stock and bond investments. The content emphasizes active management and thorough fund evaluation, making it suitable for investors looking for advanced knowledge in navigating and maximizing returns from CEFs and BDCs, particularly during uncertain economic times. The focus on expert interviews and actionable insights underlines a notably educational approach, ap... more

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Which podcasts are similar to The NAVigator?

These podcasts share a similar audience with The NAVigator:

1. CEF INSIGHTS
2. Capital Allocators – Inside the Institutional Investment Industry
3. Monetary Matters with Jack Farley
4. Excess Returns
5. The Memo by Howard Marks

How many episodes of The NAVigator are there?

The NAVigator launched 6 years ago and published 300 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on The NAVigator?

Recent guests on The NAVigator include:

1. Danielle Poli
2. Bryce Doty
3. John Cole Scott
4. Eric Purington
5. Tony Rodriguez
6. Roxanna Islam
7. Kimberly Flynn
8. Richard Stone

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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