Legendary manager Wick on the workings of his closed-end fund

Paul Wick, long-time manager of the Columbia Seligman Communication and Information Fund -- one of the most successful sector funds in history -- talks for the first time about managing a closed-end fund, Columbia Seligman Premium Technology Growth, and discusses the similarities and differences between the two, and whether he views the closed-end fund as a chance to get a bargain price on his flagship fund. One similarity between the funds: annualized average returns north of 15 percent since inception.

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