Columbia Threadneedle Investments Expands Municipal Bond Offerings
April 09 2018 - 10:00AM
Business Wire
Investors now have access to six additional
separately managed accounts
Columbia Threadneedle Investments today launched six new
separately managed account (SMA) strategies for municipal bond
investors, drawing on the firm’s 20-plus years of experience in
managing tax-exempt fixed income portfolios for high-net-worth
investors.
Three of the new SMA strategies are traditional municipal bond
portfolios, with durations of short, short-intermediate and
intermediate. The remaining three are laddered strategies, also
with varying durations.
Traditional SMAs
Laddered SMAs
Columbia Short Term Municipal SMA Columbia
1–10 Year Municipal Ladder SMA Columbia Short-Intermediate
Municipal SMA Columbia 5–10 Year Municipal
Ladder SMA Columbia Intermediate Term Municipal SMA
Columbia 10–15 Year Municipal Ladder SMA
These SMAs are designed for individuals seeking professional
portfolio management, credit research and trading, and
personalization of their tax-exempt bond portfolio, all while
maintaining direct ownership of the underlying securities. They are
available on several platforms.
“Managed accounts have dramatically enhanced the individual
investor’s ability to capitalize on customization and tax
efficiency within one portfolio,” said Dan Beckman, head of U.S.
product for Columbia Threadneedle Investments. “The introduction of
these products also allows us to better serve our intermediary
partners across their full book of business.”
Columbia Threadneedle managed $19.5 billion in municipal fixed
income securities across SMAs, institutional accounts and 18 retail
mutual funds as of December 31, 2017. The municipal team has 24
investment professionals, with an average of 21 years of industry
experience over various market cycles. The 10 dedicated municipal
research analysts on the team have sector-specific expertise and
together cover more than 2,600 municipal credits.
These six SMAs will be managed by Bill Callagy and Allyson
McCann.
About the portfolio managers:Bill Callagy is a
municipal fixed-income portfolio manager for Columbia Threadneedle
Investments. In this role, he manages the SMA municipal bond
strategies. He joined Columbia Threadneedle Investments in
2017.
Previously, Mr. Callagy was a senior member of portfolio
management team responsible for managing various municipal SMA
strategies for Belle Haven Investments LP. Prior to that, he was a
lead trader, a member of the team that designed a new tax-exempt
fixed income SRI/ESG strategy and had client facing
responsibilities.
He has been a member of the investment community since 2008. Mr.
Callagy received a B.S. from Fairfield University.
Allyson McCann is a municipal fixed-income portfolio
manager for Columbia Threadneedle Investments. In this role, she
manages portfolios for high-net-worth clients. In addition, she has
been instrumental in the development of the firm's municipal SMA
capabilities and manages a number of SMA strategies.
She joined one of the Columbia Threadneedle Investments legacy
firms in 2013. Previously, she was a portfolio manager and trader
for SMA and trust accounts at BNY Mellon. She has been a member of
the investment community since 2006.
Ms. McCann received a B.S.B.A. in Finance and International
Business from Suffolk University and an MBA/MSF from Northeastern
University.
About Columbia Threadneedle Investments:Columbia
Threadneedle Investments is a leading global asset manager that
provides a broad range of investment strategies and solutions for
individual, institutional and corporate clients around the world.
With more than 2,000 people, including over 450 investment
professionals based in North America, Europe and Asia, we manage
$495 billion1 of assets across developed and emerging market
equities, fixed income, asset allocation solutions and
alternatives.
Columbia Threadneedle Investments is the global asset management
group of Ameriprise Financial, Inc. (NYSE: AMP).
For more information, please visit
https://www.columbiathreadneedleus.com/. Follow us on Twitter.
1As December 31, 2017.
Columbia Threadneedle Investments is the global brand name of
the Columbia and Threadneedle group of companies.
Advisory services provided by Columbia Management Capital
Advisers, an operating division of Columbia Management Investment
Advisers, LLC (“CMIA”) that offers investment management and
related services to clients participating in various types of wrap
programs.
AdTrax 2080579
Investment involves risks including possible loss of
principal and fluctuation in value. Please have your client
review the strategy risks and other details in the program
materials before investing.
Managed account programs may require a minimum asset level
and may not be suitable for all investors.
© 2018 Columbia Management Investment Advisers, LLC. All rights
reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20180409005825/en/
Columbia Threadneedle InvestmentsLiz Kennedy,
617-897-9394liz.kennedy@ampf.com
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