Asset Management

The Tax-Exempt Bond investment strategy invests mostly in tax-exempt securities that are exempt from federal income tax, including the alternative minimum tax.

The Tax-Exempt Bond investment strategy pursues superior returns using historical spread and credit analysis to identify and invest in undervalued market sectors and individual securities. The portfolio manager usually sells investments that are overvalued on a relative basis. The strategy seeks to maintain an average duration of approximately seven years.

Related Professionals

Barnet Sherman

Barnet Sherman 

Director,
Global Public Markets

Stephen Liberatore

Stephen Liberatore 

CFA, Managing Director,
Global Public Markets

C49887