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...
Distressed Municipal Bond Strategy
The Principal Street Partners 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:
- MULTI-FAMILY HOUSING
- ECONOMIC DEVELOPMENT AUTHORITY BONDS
- STUDENT HOUSING REVENUE BONDS
- ASSISTED LIVING FACILITY REVENUE BONDS
- HOSPITAL BONDS
- GENERAL OBLIGATION BONDS/DISTRESSED MONOLINE INSURANCE COMPANIES
FOCUSED ON SPECIAL SITUATIONS, SMALL UNDISCOVERED BOND ISSUES
EXPERIENCED MUNICIPAL BOND TRADER AND ANALYST
DISTRESSED MUNICIPAL MARKET
NO LEVERAGE
TAX EFFICIENT
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2023 January Update- Municipal Bond Strategies
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 January Update- Municipal Bond Strategies
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...
INFRASTRUCTURE PLUS STRATEGY: Q3 2021 COMMENTARY
Similar to the majority of the benchmarks we track 3Q21 Performance for Infrastructure PLUS was negative with a total return of -2.6%. The most...
EQUITY INCOME STRATEGY: Q2 2021 COMMENTARY
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...
Infrastructure Plus Strategy: Q1 2021 Commentary
For the first quarter of 2021 Infrastructure PLUS was up 1.4%, lagging our infrastructure benchmark (Dow Jones Brookfield US Infra Index) which was...
Infrastructure of the Future
The COVID-19 pandemic has necessitated unprecedented changes across society and the global economy. It remains to be seen how many of these changes...