Portfolio Manager Interview

with Kevin McNally, Portfolio Manager
Long/Short Closed End Fund Strategy

PM Interview

May 2024

Chris O’Grady poses “5 Questions” to Kevin McNally, Portfolio Manager of Absolute’s Long/Short CEF Strategy

The 5 Questions:

Why allocate to the closed end space?
1 minute mark

How does the strategy take advantage of inefficiencies in the closed end space?
4 minute mark

What is your edge?
7:30 mark

How do higher rates benefit your strategy?
11:30 mark

Why is now a good time to consider the strategy:
14:45 mark

 

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Risks & Disclosure

This video is for discussion purposes only and should not be considered an offer to sell, nor a solicitation of an offer to buy any security in any fund managed or sponsored by Absolute or any of its affiliates or any other investment product. Offers to sell or solicitations to invest in the Fund may be made only by means of a confidential offering memorandum, and in accordance with applicable securities laws. Investors must review the confidential offering memorandum for the Fund before any investment in the Fund is made. Absolute is not acting as a financial adviser or otherwise making any recommendation as to an investor’s decision to invest in the Fund, and is not providing legal, tax, accounting or financial advice to any recipient of this presentation. Prospective investors in the Fund should consult their own professional advisors prior to making any investment decision.

There can be no assurance that the portfolio  characteristics and targets referenced in this video will be achieved and such information is subject to change without further notice.

An investment in the Fund involves a high degree of risk, including the risk of loss of the entire amount invested, and is suitable only for sophisticated investors. No guarantee or representation is made that the Fund’s investment strategies and techniques
will be successful. The Fund invests in securities, some of which may be particularly sensitive to economic, market, industry, regulatory and other variable conditions. The Fund invests in securities with significant risk characteristics, including the risk arising from the use of short sales, leverage and derivative instruments, the risk arising from a multi-manager strategy, event strategies and mis-pricings of closed-end funds. The markets in which the Fund invests have recently experienced and continue
to experience significant volatility and losses. No assurance can be given as to when or whether adverse events might occur that could cause immediate and significant losses to the Fund.

For Financial Professional Use Only-Not For Retail Use

There can be no guarantee that any strategy (risk management or otherwise) will be successful. All investing involves risk, including potential loss of principal