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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
Investment Companies
Retail Investor Participation
Alternative Assets
Investing
Private Markets

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

PublishesWeeklyEpisodes300Founded7 years ago
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Artwork for The NAVigator

Latest Episodes

Ken Burdon, Partner in the registered fund practice at Simpson Thacher & Bartlett, discusses the Supreme Court's recent ruling against activist investor Saba Capital, a decision that could have a chilling effect on shareholder activism in the future.... more

John Cole Scott, President of CEF Advisors, says that index discounts are wide when compared to their three-year history, which makes it important for investors to find names where wide discounts are supported by improving fundamentals. Scott, who al... more

Steve Baffico, Executive Vice President and head of listed products at Bluerock, which runs the Bluerock Private Real Estate fund, expects the real estate market to benefit as money moves from private credit , business-development companies and direc... more

Gordon Hamilton, Senior Managing Director for Kayne Anderson, Portfolio Manager for the Kayne Anderson Energy Infrastructure fund, says that there will be a big call on U.S. energy infrastructure companies to meet global demand for propane, butane, c... more

Bryce Doty, Senior Portfolio Manager at Sit Investment Associates, says that "the worst is over as far as yields going up," noting that the next shift could be down, but he calls the conditions "tricky" and emphasizes that investors "need to be in th... more

John Cole Scott, President of CEF Advisors and the Chairman of the Active Investment Company Alliance, looks at the recent issues in business-development companies, which got hammered in March as the market punished software investments, including le... more

Matt Freund, Co-Chief Investment Officer at Calamos Investments, says that productivity, GDP growth and earnings are "what matters," and that the headline risks that are driving consumer sentiment are "distractions" from a market backdrop that is sol... more

Dr. Mark Mobius, widely considered the father of emerging markets investor and a man who helped put the world into everyone's grasp during his long career running funds at Templeton, passed away in mid-April. John Cole Scott, President of CEF Advisor... more

Key Facts

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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
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
John Cole Scott
President of Closed End Fund Advisors
Closed End Fund Advisors
Episode: John Cole Scott on BDCs, how they stack up to closed-end funds and more
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, who brings extensive expertise in financial analysis and investment strategies.

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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.

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Frequently Asked Questions About The NAVigator

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

The episodes explore strategic insights and recommendations around closed-end funds (CEFs) and business development companies (BDCs), showcasing a range of expert opinions on navigating various market conditions. Topics frequently discussed include the nuances of the bond market, investment strategies in private equity, the intricate dynamics of credit markets, and the performance metrics of specific funds. This podcast stands out for its focus on actionable investment advice aimed at both individual investors and financial advisors evaluating CEFs and BDCs amidst an evolving economic landscape. The recurring emphasis on data analysis and risk management allows listeners to gain a deeper understanding of current financial trends while prepa... 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. Investing Experts
3. The Credit Edge by Bloomberg Intelligence
4. Capital Allocators – Inside the Institutional Investment Industry
5. Monetary Matters with Jack Farley

How many episodes of The NAVigator are there?

The NAVigator launched 7 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. Eric Purington
4. Tony Rodriguez
5. Roxanna Islam
6. Kimberly Flynn
7. John Cole Scott
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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