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SRF - Why Cushing Energy Income Fund's 90.6% Loss Was Easy To Predict
Cushing Energy Income Fund of Beneficial Interest
I recently wrote on a small energy fund, the Tortoise Energy Independence Fund (NDP), that I believe is at risk of being dissolved due to its small size, dwindling AUM, and large roster of analysts/managers. But how small can an energy CEF get without being subsumed into another fund or being liquidated entirely?
The answer is: very. The Cushing Energy Income Fund (SRF) is both one of the worst and one of the smallest CEFs of all time. With just $47.6 million in AUM, it is a microscopic fund and a