This month on the Rosemont Roundtable podcast (formerly Global Investment Leaders), we are re-releasing an interview with Rosemont CEO Chas Burkhart and Chris Mackay, Managing Director, Client Service & Marketing at 1607 Capital Partners, a $4 billion* Richmond-based boutique asset management firm offering equity and fixed income closed-end fund portfolios.

In October 2022, Chris Mackay joined the podcast to share insights into 1607's investment strategy, the evolution of its process and its approach to client service. Since this episode originally aired, we've seen closed-end fund discounts widen to near-historic levels, presenting an unusual investment opportunity and making this conversation particularly relevant.

Throughout their conversation, Burkhart and Mackay discuss:

• The definition of closed-end funds and how they have been a reliable source of excess returns in portfolios over time
• The genesis of the firm’s investment strategy and the compelling opportunity the firm’s founding partners saw in the closed-end fund niche
• The evolution of 1607’s investment process, which Mackay notes has benefited from meaningful advances while still focusing on the same core strategy
• The client base at 1607—which primarily includes institutional clients such as endowments, foundations and pensions—and the long-term relationships the firm maintains
• The company’s approach to attracting and retaining talent, including the purpose behind the firm’s employee ownership and why it intends to retain its independence to ensure long-term success

Tune in now for insights on closed-end funds and opportunities in the current investment market.

All episodes of the Rosemont Roundtable podcast are available on Apple Podcasts, Spotify and more.

*Approximate AUM of 1607 Capital Partners at time of recording.