Municipal bond

Easterly Asset Management Expands Tax-Efficient Solutions with Acquisition of Former Invesco and OppenheimerFunds Rochester Municipal Bond Team

Retrieved on: 
Thursday, April 11, 2024
Professional Services, Finance, PSP, Municipal bond, OppenheimerFunds, JD, Acquisition, CFA, Security (finance)

Easterly Asset Management (“Easterly”), a multi-affiliate asset manager of high-performing boutique investment teams, today announced an agreement to acquire the Municipal Bond team, formerly of Invesco and OppenheimerFunds Rochester, from Principal Street Partners.

Key Points: 
  • Easterly Asset Management (“Easterly”), a multi-affiliate asset manager of high-performing boutique investment teams, today announced an agreement to acquire the Municipal Bond team, formerly of Invesco and OppenheimerFunds Rochester, from Principal Street Partners.
  • The acquisition will expand Easterly’s tax-aware fixed income solutions and expertise by adding the PSP High Income Municipal Bond Mutual Fund and PSP Short Term Municipal Fund to its lineup as Easterly RocMuni.
  • As part of the acquisition, Troy Willis, JD, CFA, Chief Investment Officer of Municipal Bond Strategies and former co-head of the OppenheimerFunds Rochester Municipal Bond Team, and Charlie Pulire, CFA, Senior Portfolio Manager of Municipal Bond Strategies, will join Easterly to manage accounts for institutional and private wealth investors seeking tax-free income and yield-driven total returns.
  • The Short-Term Municipal Fund is a short-duration, high-grade, actively managed portfolio focused on under-valued and overlooked areas in the municipal bond market.

Belle Haven Investments Named PSN Top Guns "Manager of the Decade" Six Times

Retrieved on: 
Thursday, February 22, 2024
Universe, Municipal bond, Zephyr, ETF, SMA, Gun, PSN, Investment, Arms industry

RYE BROOK, N.Y., Feb. 22, 2024 /PRNewswire/ -- Belle Haven Investments announced today that it has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for 4Q 2023.  The highly anticipated list awarded three of Belle Haven's SMA strategies the Top Guns Manager of the Decade distinction six times for the 10-year period ending Q4 2023.

Key Points: 
  • The highly anticipated list awarded three of Belle Haven's SMA strategies the Top Guns Manager of the Decade distinction six times for the 10-year period ending Q4 2023.
  • At this point, the top ten performers for the latest 10-year period become the PSN Top Guns Manager of the Decade.
  • The top ten information ratios for the latest five-year period then become the 6 Star Top Guns.
  • The complete list of PSN Top Guns and an overview of the methodology can be located at https://psn.fi.informais.com/ .

ICE Bonds Broadens Its Fixed Income Liquidity Network with Connectivity to TS Imagine

Retrieved on: 
Monday, February 5, 2024
Technology, Finance, Fintech, Banking, Professional Services, Software, Data Analytics, Asset Management, Data Management, Intercontinental, Intercontinental Exchange, Municipal bond, TS, ICE, RFQ, Security (finance)

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that TS Imagine has connected to ICE Bonds to offer clients seamless access to its fixed income execution protocols and liquidity.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that TS Imagine has connected to ICE Bonds to offer clients seamless access to its fixed income execution protocols and liquidity.
  • TS Imagine customers using the TS One and TradeSmart OEMS can now access ICE Bonds’ trading protocols for Municipals and Corporates, across the ICE TMC and ICE BondPoint platforms.
  • “TS Imagine’s cross-asset platform has become a leading tool for investors around the world and we’re pleased to be delivering ICE Bonds’ streaming municipal and corporate bond data and liquidity to their customers,” said Peter Borstelmann, President of ICE Bonds.
  • By electing to use the ICE Bonds API for connectivity, TS Imagine’s customers will have access to diverse pools of fixed income liquidity via the ICE Bonds’ suite of trading protocols, including click-to-trade and request-for-quote (RFQ).

First Eagle Investments Establishes New High Yield Municipal Credit Team to Be Led by Veteran Investor John Miller

Retrieved on: 
Thursday, September 21, 2023
Other Professional Services, Asset Management, Professional Services, Finance, Global value chain, Senior, Culture, Head, First Eagle Investments, Research, Nuveen, Miller, Municipal bond, Financial adviser

First Eagle Investments (“First Eagle”) today announced that it has established a new High Yield Municipal Credit team.

Key Points: 
  • First Eagle Investments (“First Eagle”) today announced that it has established a new High Yield Municipal Credit team.
  • John Miller will join First Eagle on January 2, 2024, as Head and Chief Investment Officer of the High Yield Municipal Credit team, reporting to First Eagle President and Chief Executive Officer Mehdi Mahmud.
  • The new High Yield Municipal Credit team expands the range of differentiated investment solutions First Eagle provides clients alongside the offerings of its Global Value, Small Cap, First Eagle Alternative Credit and Napier Park teams.
  • “I believe the new High Yield Municipal Credit capability will represent an attractive investment solution.

16Rock Asset Management Appoints James Pruskowski as Chief Investment Officer and Head of Business Development

Retrieved on: 
Wednesday, April 12, 2023
BlackRock, Growth, Name, Business development, History, Municipal bond, Financial adviser

NEW YORK, April 12, 2023 /PRNewswire/ -- 16Rock Asset Management (16Rock), a full-service asset manager specializing in U.S. Municipal Bond investment solutions, announced today that James Pruskowski has been appointed as its Chief Investment Officer and Head of Business Development. Mr. Pruskowski will lead the firm in its next phase of growth building on its history of managing investment funds and separate accounts dedicated to the U.S. municipal market. 16Rock is a newly formed entity of 16th Amendment Advisors LLC, an SEC registered investment advisor.

Key Points: 
  • NEW YORK, April 12, 2023 /PRNewswire/ -- 16Rock Asset Management (16Rock), a full-service asset manager specializing in U.S. Municipal Bond investment solutions, announced today that James Pruskowski has been appointed as its Chief Investment Officer and Head of Business Development.
  • 16Rock is a newly formed entity of 16th Amendment Advisors LLC, an SEC registered investment advisor.
  • Based at 16Rock's headquarters in New York, Mr. Pruskowski will drive investment strategy and outcome-oriented solutions for institutional and high-net-worth clients worldwide.
  • Prior to joining 16Rock, Mr. Pruskowski served as Managing Director, Head of Institutional & Wealth Management for Municipal Bonds at BlackRock.

Nuveen Appoints Daniel Close as Head of Municipals

Retrieved on: 
Monday, April 10, 2023
TIAA, Retirement, Human, CFA, Head, Security (finance), Nuveen, Municipal bond

NEW YORK, April 10, 2023 /PRNewswire/ -- Nuveen, the investment manager of TIAA, appointed Daniel Close, CFA ®, a veteran portfolio manager at the firm with a proven track record of success, as Head of Municipals.

Key Points: 
  • NEW YORK, April 10, 2023 /PRNewswire/ -- Nuveen, the investment manager of TIAA, appointed Daniel Close, CFA ®, a veteran portfolio manager at the firm with a proven track record of success, as Head of Municipals.
  • Mr. Close, 47, who ran the firm's taxable municipals business, will now assume leadership over its entire municipal finance investment team.
  • Mr. Close succeeds John Miller, CFA ®, who is retiring after a successful career, including nearly 30 years at Nuveen.
  • Nuveen will make no changes to its separately managed accounts, investment-grade municipals or taxable municipals businesses.

Oppenheimer Announces Expansion of Investment Grade Fixed Income Sales Team

Retrieved on: 
Tuesday, February 7, 2023
MBA, Bond credit rating, Rest, Oppenheimer Holdings, Goldman Sachs, Debt, Fifth Third Bank, NYSE, Municipal bond, Cohen, Executive officer, Senior, Bear Stearns, Colgate University, Knowledge, David Cohen & Co. Warehouse, Carnegie Mellon University, Cantor Fitzgerald, BBVA, Structured product, Kidder, Peabody & Company, Security (finance), Management, New York University, Boston College

NEW YORK, Feb. 7, 2023 /PRNewswire/ -- Oppenheimer & Co. Inc. ("Oppenheimer") — a leading investment bank, wealth manager and a subsidiary of Oppenheimer Holdings (NYSE: OPY) — announced today the continued expansion of its Investment Grade desk with the additions of Perren Thomas, Dennis Megley and Mike Henneberry. Each will serve as Managing Directors on the Investment Grade Sales team in New York and report to Katie Lucas, Managing Director, and Head of Investment Grade Sales.

Key Points: 
  • Each will serve as Managing Directors on the Investment Grade Sales team in New York and report to Katie Lucas, Managing Director, and Head of Investment Grade Sales.
  • Peter Albano, Global Head of Fixed Income at Oppenheimer, said, "We are delighted to welcome Perren, Dennis and Mike to the team.
  • These Investment Grade sales hires follow the recruitments of Managing Directors Si Lund (High Yield Sales), John Covello (Investment Grade Trading), Chris O'Connor (Debt Syndicate), Peter Overton (Short-term Trading), Ed Murphy (Municipal Bond Trading), Jose Puell (Emerging Markets Sales) and Russ Mueller (Structured Product Trading).
  • Mr. Thomas joins Oppenheimer with nearly two decades of experience in fixed income sales.

Brean Capital Engages Municipal Bond Team

Retrieved on: 
Thursday, November 10, 2022
Municipal bond, GLOBE, Merrill (company), Company, Capital, Income, Citigroup, Executive Office of the President of the United States, United States Department of the Treasury, CEO, Acquisition, Head, LLC, Security (finance), Brean

NEW YORK, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Brean Capital, LLC announced the hiring of Municipal Bond veterans Bill Mangan, Greg Swanson and John Paskalides as Managing Directors in the fixed income division.

Key Points: 
  • NEW YORK, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Brean Capital, LLC announced the hiring of Municipal Bond veterans Bill Mangan, Greg Swanson and John Paskalides as Managing Directors in the fixed income division.
  • "We are very happy to have Bill, Greg and John join the Brean team," said Rob Fine, CEO of Brean Capital.
  • "Their knowledge, insights, and experience will be invaluable in expanding Brean's municipal bond capabilities, and in helping our clients navigate the crosscurrents in today's municipal bond marketplace."
  • Mr. Mangan, who joined as Head of Brean's Municipal Bond Department stated "We are delighted to be part of Brean Capital.

Bloomberg Launches Global Aggregate Green, Social, Sustainability Bond Indices

Retrieved on: 
Monday, October 31, 2022
Bloomberg Terminal, David Green (social entrepreneur), SSAS, Taxonomy, Multimedia, Bloomberg L.P., Research, Table of historic and prehistoric climate indicators, Solution, Income, Benchmark, Social sustainability, Industry, Municipal bond, Bloomberg Global Business Forum, SFDR, Index, Benchmarking, International Capital Market Association, Technology, News, ESG, BISL, Goal, United Nations Sustainable Development Group, Social Bonding and Nurture Kinship, Product life-cycle theory, Efficiency, Renewable energy, Cryptocurrency, Security (finance), Dimension stone, Pigment, Online shopping, Social, EU, Bloomberg

NEW YORK, Oct. 31, 2022 /PRNewswire/ -- Bloomberg today announced the launch of the Bloomberg Global Aggregate Green, Social, Sustainability Bond Indices, further growing its offering of leading fixed income ESG indices. The indices utilize the flagship Bloomberg Global Aggregate Index, the Bloomberg Sustainable Finance Group's green, social and sustainability bond indicators, and fields that show alignment with the International Capital Market Association Green Bond, Social Bond and Sustainability Bond Principles and Guidelines.

Key Points: 
  • NEW YORK, Oct. 31, 2022 /PRNewswire/ -- Bloomberg today announced the launch of the Bloomberg Global Aggregate Green, Social, Sustainability Bond Indices, further growing its offering of leading fixed income ESG indices .The indices utilize the flagship Bloomberg Global Aggregate Index, the Bloomberg Sustainable Finance Group's green, social and sustainability bond indicators, and fields that show alignment with the International Capital Market Association Green Bond, Social Bond and Sustainability Bond Principles and Guidelines.
  • Building off Bloomberg's flagship Global Aggregate index, our new Global Aggregate Green, Social & Sustainability Bond Indices incorporate the research of Bloomberg's ESG and fixed income data teams to deliver a diverse set of indices to meet the varied needs of the investment community exploring this growing market."
  • The Bloomberg Global Aggregate Green, Social, Sustainability Bond Indices comprise 24 new indices including, but not limited to:
    Bloomberg Global Aggregate Green Social Sustainability Bond Index (ticker: I37363US)
    Bloomberg Global Aggregate Green Bond Index (ticker: I37364US)
    Bloomberg Global Aggregate Social Bond Index (ticker: I37365US)
    Bloomberg Global Aggregate Sustainability Bond Index (ticker: I37356US)
    Bloomberg Aggregate EUR Green Social Sustainability Bond Index (ticker: I37358EU)
    Bloomberg Aggregate USD Green Social Sustainability Bond Index (ticker: I37375US)
    Bloomberg ESG & Climate Indices help investors address sustainable finance initiatives across asset classes.
  • Recently, Bloomberg introduced the Bloomberg U.S. Municipal Impact Index to track Green, Social, and Sustainability Municipal Bonds, and the Bloomberg Climate Indices including EU Paris-Aligned Benchmarks.

Assured Guaranty Hires Eric Friedland as a Director on the Infrastructure Finance Team

Retrieved on: 
Tuesday, October 4, 2022
Technology, Insurance, Finance, Banking, Professional Services, Data Analytics, Asset Management, Data Management, Other Professional Services, Â, Public finance, AGL, Industry, Municipal Credit Union, Assurance, SUNY, Municipal bond, Business administration, Senior, AGM, Bachelor, Bermuda, Accounting, Master of Business Administration, Guarantee, Credit, AGC, Duke University, NYSE, Transportation Infrastructure Finance and Innovation Act, Risk, Bachelor of Science, Financial Security Assurance, Audit, Renewable energy, Bank, Fitch, Science, Northeastern University

Assured Guaranty Municipal Corp. (AGM)* and Assured Guaranty Corp. (AGC)* are pleased to announce that Eric Friedland has joined the company as a Director on the Infrastructure Finance team in the Public Finance department.

Key Points: 
  • Assured Guaranty Municipal Corp. (AGM)* and Assured Guaranty Corp. (AGC)* are pleased to announce that Eric Friedland has joined the company as a Director on the Infrastructure Finance team in the Public Finance department.
  • In this role, Mr. Friedland will focus on origination and underwriting as a member of Assured Guarantys infrastructure finance team, developing opportunities for the companys financial guaranty business.
  • We look forward to Eric playing an important role in expanding our reach in the infrastructure market, said Bill Hogan, Senior Managing Director and Head of Public Finance for Assured Guaranty.
  • We are very excited to welcome Eric back to Assured Guaranty, said Lorne Potash, Managing Director of Infrastructure Finance.