Thomas J. Herzfeld

Thomas J. Herzfeld (born 1945 in New York City) is the founder, Chairman and President of Thomas J. Herzfeld Advisors, Inc., an investment firm specializing in the field of closed-end funds. 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). Herzfeld wrote the first of his six books on the subject of closed-end funds in 1979. He is the publisher of The Investor's Guide to Closed-End Funds monthly research report and is quoted and interviewed on the subject by publications such as the Wall Street Journal, New York Times and Financial Times. He has served as a contributing editor for the Global Guide to Investing (published by Financial Times), and The Encyclopedia of Investments. and was interviewed on the show Wall $treet Week with Louis Rukeyser several times.

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. He received an honorary Doctor of Humane Letters (LHD) from Philadelphia University in 2008 with Steve Forbes, editor-in-chief of Forbes Magazine.

Career He joined the Wall Street firm Reynolds & Co., in 1968 and began a specialization in closed-end funds. He is widely considered to be the leading expert in the field. 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. He also coined the term “lifeboat provisions” used in the industry to define tactics funds take to narrow discounts and keep prices afloat. Additionally he is also referred to as: Mr. Closed-End, Guru, Maven from Miami, The Top Market Timer and the Dow Beaters. Herzfeld has spent more than 40 years managing closed end fund investments. They have two children: both have graduate degrees from MIT and work for Thomas J. Herzfeld Advisors, Inc. He is an avid yachtsman. He also owns a penthouse condo in New York City and Miami.

Selected bibliography