GAM: Plodding Along

Binary Tree Analytics
5.15K Followers

Summary

  • General American Investors is an equity-focused CEF.
  • The fund has a Large Cap/Growth tilt to its portfolio composition.
  • The CEF does not have a managed distribution, only paying semi-annually the capital gains it can actually generate and the received interest income on its portfolio.
  • The fund's performance from a total return standpoint has been in line with the S&P 500 in the past year.
  • This article covers CEFs and related analytics.

Treadmill

WoodenheadWorld

Thesis

General American Investors (NYSE:GAM) is an equity focused closed end fund. The vehicle has a low leverage ratio of 14.6%, and aims to replicate the S&P 500 returns. The fund has an extremely long track record, being in this business for

This article was written by

5.15K Followers
With an investment banking cash and derivatives trading background, Binary Tree Analytics ('BTA') aims to provide transparency and analytics in respect to capital markets instruments and trades. BTA focuses on CEFs, ETFs and Special Situations, and aims to deliver high annualized returns with a low volatility profile. We have been investing for over 20 years after obtaining a Finance major at a top university.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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