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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2023: INCOME IS BACK- One (maybe the only?) Positive From the Pain of 2022 Fixed Income investors finally had the year many were predicting over the last decade, ending eight consecutive years of positive total returns for the broad municipal bond market. Much like...
2023: INCOME IS BACK- One (maybe the only?) Positive From the Pain of 2022 Fixed Income investors finally had the year many were predicting over the last decade, ending eight consecutive years of positive total returns for the broad municipal bond market. Much like...
2023: INCOME IS BACK- One (maybe the only?) Positive From the Pain of 2022 Fixed Income investors finally had the year many were predicting over the...
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...
Market Overview Stimulus and vaccine optimism ran high during the first quarter with all eyes on the reopening of the economy and a return to some...
MarketWatch recently reported that the former co-head of the OppenheimerFunds Rochester Municipal Bond Team Troy Willis, J.D., CFA has joined...
In a recent article, Morningstar announced Principal Street Partners’ newest addition to the firm: Chief Investment Officer of Municipal Bond...
