Our Distressed Municipal Bond Opportunity Strategy applies a distressed investment strategy in the municipal credit market. The objective of the strategy is long-term capital appreciation with a tax-free income component. The strategy primarily acquires bonds in smaller sizes or odd-lots to ensure the best pricing for limited partners, builds positions over time and sells when pricing has improved. The resulting portfolio is diversified across credits, geographies and types of municipal credit as well as uncorrelated to other asset classes.
We seek out the best opportunities based on upside potential and market misperception across sectors, including:
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Market Overview At the end of the second quarter over 54% of Americans had received at least one dose of the vaccine, although the pace of vaccinations slowed substantially. New cases and deaths fell to levels last seen in the early days of the Pandemic, but the U.S....
Market Overview At the end of the second quarter over 54% of Americans had received at least one dose of the vaccine, although the pace of vaccinations slowed substantially. New cases and deaths fell to levels last seen in the early days of the Pandemic, but the U.S....
Market Overview At the end of the second quarter over 54% of Americans had received at least one dose of the vaccine, although the pace of...
The Boston Herald recently announced that seasoned industry veteran Troy Willis, J.D., CFA , former co-head of the OppenheimerFunds Rochester...
Yahoo Finance recently announced that Troy Willis, J.D., CFA has joined Principal Street Partners as the firm’s new Chief Investment Officer of...
Principal Street Partners, the $1.6B asset manager with a focus on municipal bond investment opportunities, has announced Troy Willis, J.D., CFA as...
As municipal bond managers for over 30 years, we have seen many markets. We can say with high level of conviction that we have never been more...
