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When it comes to expenses, CEFs are quite different than open-end mutual funds.
Despite the market's wild ride, most CEFs closed the year with positive share price and NAV returns.
Peter Thiel is best known as the guy who cofounded and ran PayPal before selling it to eBay for $1.5 billion in 2002. Since then, he's founded a $2 billion hedge fund, Clarium Capital, and the Founders Fund, a venture fund. Peter is also one of Facebook's earliest investors and now sits on the ...