Resiliency has been a consistent theme for municipal investors both historically and in 2021. With half the year behind us, what lies ahead for investors for the rest of the year? The seasoned experts at MacKay Municipal Managers provide a mid-year update on their 2021 insights, share their perspective on navigating the municipal market, and offer views on the opportunities ahead.
2021 Top 5 Insights:
Policy: The Biden Administration makes an impact
Stamina: Key sectors withstand the COVID shutdown
Resurrection: Puerto Rico rises while high risk deal bond prices decline
Oasis: Taxable municipal bonds in a global fixed income world
Essentiality: Municipal bonds outlast the headlines
Speakers:
David DowdenManaging Director and Portfolio ManagerMacKay Municipal Managers
David joined MacKay Shields in 2009. Before joining the firm, he was the Chief Investment Officer at Financial Guaranty Insurance Company. David was previously with Alliance Capital Management as a Senior Portfolio Manager and at Merrill Lynch & Co. as a Municipal Strategist.
David has an AB from Brown University and an MBA from Columbia University. He has been in the investment management industry since 1989.
Chris RobertiManaging Director, Chief Marketing OfficerMacKay Municipal Managers
Chris joined MacKay Municipal Managers in May 2011 and serves as Senior Client Portfolio Manager and Chief Marketing Officer. Prior to joining, Chris was Senior Director with TIAA-CREF Asset Management focusing on investment product business development through institutions within the academic, medical, and research community. From 1991 to 2006, Chris worked with Merrill Lynch, most recently as Head of National Accounts within the asset management division overseeing business development within the broker-dealer community.
Chris has a BA from Rutgers University, is a Certified Investment Management Analyst (CIMA®), and member of Investments & Wealth Institute.
Megha ShrimalAssociate Director and Client Portfolio ManagerMacKay Municipal Managers
Megha Shrimal joined MacKay Shields in 2018. She is responsible for relationship management and business development initiatives for Institutional clients. Prior to joining the firm, Megha was a Client Service Associate at Western Asset Management covering Legg Mason retail and institutional clients in the Retail/Subadvisory Channel. Prior to Western Asset, Megha was a Senior Investment Consultant at New York Life/MainStay Investments. Megha graduated from Boston University with a degree in Finance and Marketing. She is a FINRA registered representative and has been in the industry since 2011.
All investments are subject to market risk, including possible loss of principal. Diversification cannot assure a profit or protect against loss in a declining market.
MacKay Shields LLC is an affiliate of New York Life Investments. MacKay Municipal Managers is a trademark of MacKay Shields LLC.
“New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company. MacKay Shields LLC is an affiliate of New York Life Investment Management LLC. Securities distributed by NYLIFE Distributors LLC , 30 Hudson Street, Jersey City, NJ 07302
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