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Wiesenberger
Lipper

THOMAS J. HERZFELD
THOMAS J. HERZFELD ADVISORS
CLOSED-END FUND SPECIALISTS
1-305-271-1900

real audio - 28.8k


Who is this guy?Thomas J. Herzfeld is president of a firm bearing his name that specializes in closed-end funds. He's also president of The Herzfeld Caribbean Fund. And, often thought of as the guru of closed-end funds.
How do ya say his name?phonetic pronunciation "HERTZ FELLD"
What's he manage?A lot of private money for people and his own fund, The Herzfeld Caribbean Fund, (symbol CUBA). It's a closed-end fund that invests in the Caribbean.
How long has he been doing this?Tom first started trading closed-end funds in the 1960's, soon became and expert in the field and then went on to open his own firm. He has also written a bunch of books on the subject.
how do closed-end funds perform?Their performance, like that of their cousins open-end funds, is all over the board. One smart way to get a leg-up on closed-end fund investing is to look at those trading at a discount to their net asset value.
Anything interesting about him?Yep. He lives in Miami's South Beach area for good reason---he loves boating.
When was the interview conducted?May 10, 1999, over the telephone. Oh, don't let that occasional noise in the background bother you. It's only a lawn mower.

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