Firm Leverages Pricing Dislocations and Increased Demand and Launches Three New Strategies
Memphis, TN – October 27, 2020 – Principal Street Partners, the $1.6B asset manager with a focus on income-oriented, innovative investment opportunities for institutional investors, has announced the addition of two new teams in Englewood, New Jersey and Pocatello, Idaho to manage three new investment strategies. The New Jersey office, led by David Weiner and Eric Sellinger, will manage two niche fixed income strategies, focused on short duration municipal bonds and distressed municipal bonds. The firm’s Idaho office, led by John Edwards and Dylan Nassano, will oversee an infrastructure “plus” strategy, focused on renewable energy and modern infrastructure.
The two fixed income strategies are differentiated, tax efficient and aim to provide enhanced, risk-adjusted returns. The Short Duration Municipal Bond Strategy focuses on purchasing short-duration, high-quality, short-call municipal bonds that generate coupon interest. The firm’s PSP Distressed Municipal Bond Opportunity Strategy uniquely applies a distressed investment strategy in the municipal credit market. The two strategies work to diversify a fixed income portfolio across credits, geographies and types of municipal credit.
The Principal Street Infrastructure Plus Strategy broadens the definition of infrastructure to include modern industries with higher growth rates and more Environmental, Social and Governance (ESG) attributes compared to traditional hard infrastructure. By doing so, Principal Street’s team believes the strategy is positioned to deliver enhanced long-term potential returns – without losing the inherent benefits of infrastructure investing.
“Principal Street focuses on finding unique and innovative investment opportunities for institutional investors,” says James West, CEO of Principal Street. “In these volatile and uncertain times, diversification away from the broader markets is critical for investment performance and adds a layer of potential security into the portfolio. We are thrilled to provide our investors with access to these three exclusive strategies.”
About Principal Street Partners
With offices in Memphis, TN, Boston, MA, Pocatello, ID and Engelwood, NJ, Principal Street Partners is an SEC-registered, investment advisor with $1.6 Billion in assets, primarily focused on income-oriented, tax-conscious strategies. Founded in 2016, the firm is known for innovative investment strategies and a disciplined investment approach focused on capital preservation. More information can be found at www.principalstreet.com or by calling 844.678.6900.