MutualFundWire.com: Auction-Rate Securities, Banks and Closed-End Funds Tango
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Tuesday, August 19, 2008

Auction-Rate Securities, Banks and Closed-End Funds Tango


Thursday's Fund Track column (login required) may not be of interest to those fundies outside of the closed-end part of the business. The Wall Street Journal's Daisy Maxey talks to closed-end fund managers about the just-unveiled auction-rate buybacks by Citi, J.P. Morgan and UBS, as some managers already tried to address the auction-rate issue for their own fund shareholders, while others waited. Eaton Vance's Payson Swaffield, Nuveen's Ann Kritzmire and Thomas J. Herzfeld Advisors' Cecilia Gondor all get a little ink in the column.


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