| Fund Inception | 07/27/2005 |
| Name of Issuer | Absolute Investment Advisers |
| Fund Advisor(s) | Absolute Investment Advisers LLC |
| Sub-Advisor(s) | -- |
Fund Managers for ACEFX
Kevin McNally
Portfolio Manager since 08/01/2025
Kevin McNally joined Clough Capital in 2014 and has over 30 years of experience focusing almost exclusively on closed-end funds (CEFs) and exchange-traded funds (ETFs). Prior to joining the Firm, he served as the Director of Closed-End Funds at ALPS Fund Services, Inc. from 2003 to 2014, where he was instrumental in launching approximately $13 billion in total assets of CEFs. Prior to that, he was Director of Closed-End Fund and ETF Research at Smith Barney, a division of Citigroup Global Markets, Inc. from 1998 to 2003 and Director of Closed-End Fund and ETF Marketing at Morgan Stanley Dean Witter Discover & Co. from 1997 to 1998. Previously, he was an Analyst covering CEFs in the Mutual Fund Research Department at Merrill Lynch, Pierce, Fenner, & Smith, Inc. from 1994 to 1997, and also was Manager of the Closed-End Fund Marketing Department at Prudential Securities from 1992 to 1994. Kevin earned a B.A. from the University of Massachusetts at Amherst in 1991 and an MBA in Finance from New York University’s Stern School of Business in 1998. Kevin currently services on the board of trustees for the Firm’s closed-end mutual fund products and the Clough Global Long/Short Fund.
Patty Santorella
Portfolio Manager since 08/01/2025
Patty Santorella is a Co-Portfolio Manager for Absolute CEF Opportunities as of August 2024 and is responsible for portfolio management for Absolute’s Finn Strategies Division which seeks to take advantage of the inefficiencies in the closed-end fund market. Prior to joining Absolute in January 2024, she was Managing Director and Head of Trading at Beryl Capital Management, LLC from 2018 to 2023. Prior to that, she was Vice President and Head of Operations at Clough Capital Partners, LP. BA (Finance and Insurance) – Northeastern University.
