MacKay Municipal Managers’TM Expertise
The municipal bond market can be very inefficient. Having an experienced investment team is critical. The depth and extensive experience of MacKay Municipal ManagersTM provides a keen focus that gives us a powerful vantage point in the municipal market. This perspective allows us to capitalize on opportunities created by the mispricing of securities and information gaps.
MacKay Municipal ManagersTM is co-headed by John Loffredo, CFA, and Robert DiMella, CFA. John and Bob previously headed the largest municipal asset management group at Merrill Lynch Investment/BlackRock with assets in excess of $100 billion. Combined, they have 38 years of investing experience and have managed municipal credit and portfolio strategies together for 18 years. The managers are supported by dedicated research and risk management personnel with an average of 20 years of experience.
The investment professionals have managed municipal assets across institutional separate accounts, open-end and closed-end funds, high net worth accounts, and custom opportunistic funds. The team’s insights and expertise helps them anticipate technical trends and analyze individual issues.
The team’s research experience includes all facets of the municipal market, including investment grade municipals, municipal high yield, tender option bonds, municipal inflation protected bonds, Build America Bonds1 and other taxable municipals, floating rate notes, and variable rate demand obligations. The team has long-term relationships and access to a deep network of the most influential market participants.