Wall Street is a no lose place if you are in the inner circle. They reap billions when they guess right. They reap billions when they are outright thieves, and when they get caught, the shareholders pay the fines. Vott a country!!
You can make plenty of money on Wall Street if you understand what you are doing.
Who would buy a closed-end fund that does not trade on an exchange? The whole point of such a fund is that the market sets the price, and there may be a discount or a premium to the NAV of the underlying securities.