Thomas J. Herzfeld
| Thomas J. Herzfeld | |
|---|---|
 | |
| Born | New York City |
| Alma mater |
Philadelphia University (BSc) Philadelphia University (Honorary PhD) |
| Notable awards |
HON LHD (2008) HON Order of Kentucky Colonels (2000) |
Thomas J. Herzfeld (born: New York City 1945) is the founder, Chairman and President of Thomas J. Herzfeld Advisors, Inc., an investment firm specializing in the field of closed-end funds.[1] Herzfeld is also the Chairman and President of The Herzfeld Caribbean Basin Fund Inc., the first closed-end fund formed to invest in the Caribbean region (as well as Cuba, when permitted).[2] Herzfeld wrote the first of his six books on the subject of closed-end funds in 1979.[3] He is the publisher of The Investor's Guide to Closed-End Funds [4] monthly research report and is quoted and interviewed on the subject by publications such as the Wall Street Journal,[5] New York Times [6] and Financial Times.[7] He has served as a contributing editor for the Global Guide to Investing (published by Financial Times), and The Encyclopedia of Investments.[7] He has appeared annually on the Nightly Business Report (PBS) show for 30 years[8] and was interviewed on the show Wall $treet Week with Louis Rukeyser several times.[9]
Education
Herzfeld graduated from Philadelphia University in 1966. He served in the United States Army Reserve from 1966-1972, and on active duty in 1967.[10] He received an honorary Doctor of Humane Letters (LHD) from Philadelphia University in 2008 with Steve Forbes, editor-in-chief of Forbes Magazine.[11]
Career
He joined the Wall Street firm Reynolds & Co., in 1968 and began a specialization in closed-end funds.[12] He is widely considered to be the leading expert in the field.[13] He formed the NYSE member firm: Carlino, Herzfeld and Kemm in 1970 and served as the firm's Senior Partner, at the age of 25.[10] He also became an Allied Member of the NYSE, an Associate Member of the AMEX and a senior register options principal.[10] In 1981, he formed the first ever stock brokerage firm to specialize in the field of closed-end funds, Thomas J. Herzfeld & Co., Inc.[2] In 1984, he formed the advisory arm, Thomas J. Herzfeld Advisors, Inc. and later in 1994 The Herzfeld Caribbean Basin Fund, the first closed-end fund to invest in the Caribbean Basin (and Cuba when allowed).[13] He created the industry's first and only Closed-End Fund Index, "The Herzfeld Average," which has been published in Barron’s weekly since its establishment in 1987.[14][15][16] He also coined the term “lifeboat provisions” used in the industry to define tactics funds take to narrow discounts and keep prices afloat.[17] Additionally he is also referred to as: Mr. Closed-End,[18] Guru,[18] The man whose name is synonymous with closed-end funds [19] Maven from Miami,[20] The Top Market Timer[21] and the Dow Beaters.[22] Herzfeld has spent more than 40 years managing closed end fund investments.[2]
Personal life
Herzfeld married his wife Rutli, a fashion model from Copenhagen, Denmark, in 1970.<ref name = County Recorder's Official Record Search Results>"County Recorder's Official Record Search Results".</ref> They have two children: both have graduate degrees from MIT, and work for Thomas J. Herzfeld Advisors, Inc.[23][24] He is an avid yachtsman. He also owns a penthouse condo in New York City and Miami.[25]
Selected bibliography
- Thomas J Herzfeld (1997). The Thomas J. Herzfeld 1997/1998 Encyclopedia of Closed-End Funds. Thomas J. Herzfeld Advisors, Incorporated. ISBN 978-1-891352-00-3.
- Thomas J Herzfeld and Robert F. Drach (1980). High-Return, Low Risk Investment: Using Stock Selection and Market Timing, First Edition. G.P. Putnam's Sons (Penguin Group). ISBN 978-0-07-028449-4.
- Thomas J Herzfeld and Robert F. Drach (1993). High-Return, Low Risk Investment: Using Stock Selection and Market Timing, Second Edition. McGraw-Hill. ISBN 978-0-07-028449-4.
- Thomas J Herzfeld (1980). The Investors's Guide to Closed-End Funds, The Herzfeld Hedge. McGraw-Hill. ISBN 978-0-07-028417-3.
- Thomas J Herzfeld (1993). Herzfeld's Guide to Closed-End Funds. McGraw-Hill. ISBN 978-1-4292-1887-0.
References
- ↑ "An Investing Alternative to Dividends" (PDF). Retrieved January 24, 2012.
- 1 2 3 "At the Center of the Closed-End Fund Universe" (PDF). Retrieved February 2, 2012.
- ↑ "A Nice Little Place in the Sun". Retrieved February 2, 2012.
- ↑ "The Investor's Guide to Closed-End Funds". Retrieved January 24, 2012.
- ↑ "Herzfeld Caribbean Basin Fund". Retrieved January 24, 2012.
- ↑ "Discount Beckon in Closed-end funds". Retrieved January 24, 2012.
- 1 2 "Global Guide to Investing" (PDF). Retrieved January 24, 2012.
- ↑ "Market Monitor". Retrieved January 24, 2012.
- ↑ "Wall Street Week Episodes on PBS". Retrieved January 24, 2012.
- 1 2 3 "New York Stock Exchange" (PDF). Retrieved February 2, 2012.
- ↑ "Cheers and joy as new graduates receive diplomas at 124th Commencement". Retrieved February 1, 2012.
- ↑ "Mr. Closed-End Funds" (PDF). Retrieved February 2, 2012.
- 1 2 "Thomas J. Herzfeld & Co., Incorporated". Retrieved January 24, 2012.
- ↑ "Determining the Perfect Time to Buy Closed-End Income Funds". Retrieved January 24, 2012.
- ↑ "An Open-and-Shut Case for Closed-End Funds". Retrieved February 1, 2012.
- ↑ "Closed-End Funds" (PDF). Retrieved January 24, 2012.
- ↑ "Opportunity in Adversity". Retrieved February 1, 2012.
- 1 2 "Mr. Closed-End". Retrieved February 2, 2012.
- ↑ "Herzfeld's Guide to Closed-End Funds". Retrieved February 2, 2012.
- ↑ "At the Center of the Closed-End Fund Universe". Retrieved February 2, 2012.
- ↑ "Hot hands are bullish". Retrieved February 2, 2012.
- ↑ Cobliegh, Ian (1981). Roaring 80’s on Wall Street (PDF). Macmillan Pub Co. p. 47. ISBN 978-0-02-526510-3. Retrieved February 2, 2012.
- ↑ "Brigitta Herzfeld Joins Management Team at Thomas J. Herzfeld Advisors, Inc.". Retrieved February 2, 2012.
- ↑ "Erik M. Herzfeld Joins Thomas J. Herzfeld Advisors, Inc.". Retrieved February 2, 2012.
- ↑ "Erik M. Herzfeld Joins Thomas J. Herzfeld Advisors, Inc." (PDF). Retrieved February 2, 2012.