For the first quarter of 2021 Infrastructure PLUS was up 1.4%, lagging our infrastructure benchmark (Dow Jones Brookfield US Infra Index) which was up 8.7% as well as the S&P 500 which was up 6.2%. Infrastructure PLUS’s strong 2020 performance benefited from the...
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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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 up 8.7% as well as the S&P 500 which was up 6.2%. Infrastructure PLUS’s strong 2020 performance benefited from the...
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...
Principal Street Partners Announces Addition of Two Teams to Lead Specialized Investment Strategies
Firm Leverages Pricing Dislocations and Increased Demand and Launches Three New Strategies Memphis, TN – October 27, 2020 – Principal Street...
Equity Income Strategy: Q3 2020 Commentary
Market Overview The COVID-19 pandemic continued to upend the global economy in the third quarter as cases and deaths rose. U.S. cases increased by...
James West Discusses Investments that Counteract Inflation with U.S. News & World Report
The current low inflation environment may be coming to an end following the Federal Reserve’s new inflation monitoring guidelines. According to...
James West Discusses Income Investing Strategies with ThinkAdvisor
With interest rates nearing zero and stalwart companies cutting dividends, income investing is more challenging than ever before. However, just...