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Wrong Tony Tessitore?

Dr. Tony Tessitore

Managing Director and Head of Equities

Gramercy Advisors, L.L.C.

Direct Phone: (203) ***-****       

Gramercy Advisors, L.L.C.

20 Dayton Ave

Greenwich, Connecticut 06830

United States

Find other employees at this company (20)

Background Information


Stony Brook

Baruch College

Web References (2 Total References)

The Journal of American Academy

www.jaabc.com [cached]

Dr. Anthony Tessitore, City of London Quantitative Management, Newark, New Jersey

Anthony Tessitore, Daiwa ...

www.fma.org [cached]

Anthony Tessitore, Daiwa Securities Trust CompanyNilufer Usmen, Montclair State UniversityAbstractThe paper examines whether discounts and premiums on closed-end equity funds can be used to earn positive excess returns over a benchmark index.Similar questions have been explored in the past.These studies have found that investors could have earned higher returns than a benchmark of U.S. stocks by purchasing shares of closed-end funds with discounts, and lower returns by purchasing shares with premiums.This paper is similar to the above-mentioned papers but exploits a new and extensive sample of U.S. and U.K. -listed closed-end funds.The sample contains 128 funds on January 4, 1991 and ends with 234 funds on September 4, 1998.

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