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BAM Awarded Manager of the Decade status within the Municipal fixed income universe. The PSN Top Guns Manager of the Decade list includes the top ten performers for the latest 10-year period. See disclaimer here
Muni SMA Strategies
Municipal Bonds: Local Impact
Company News
2Q2025 | BAM Awarded “Top Guns” status – Intermediate & Short Taxable Strategies - August 22, 2025
1Q2025 | BAM Awarded “Top Guns” status – Intermediate & Short Taxable - May 22, 2025
BAM’s Muni Strategies Now Available on TradePMR - August 16, 2024
1Q2025 | BAM Awarded “Top Guns” status – Intermediate & Short Taxable - May 22, 2025
BAM’s Muni Strategies Now Available on TradePMR - August 16, 2024
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Market Commentaries
Forty Years of Municipal Bonds – A Letter to Our Clients, Colleagues, and Friends
This is a milestone year for our firm.
On October 1, 2024 we celebrate our 40th year in business.
Entrepreneurial values, paired with a primary focus of serving our clients well, were the essence of our beginning. We were ambitious entrepreneurs looking to build a successful organization. We wanted to help people and organizations plan and improve their futures by investing in the bond market. And we wanted to help communities…
Muni Market Update: Spooky but Sustainable Supply
Now that it’s officially October—and finally a justifiable time to break out the Halloween decorations—municipal supply remains elevated and on pace to reach record annual levels. In 2024, issuance reached a record $460 billion, but this year is
How to Mitigate Natural Disaster Risk in Your Muni Portfolio
The wildfires have spotlighted natural disaster risk present in municipal bond portfolios. However, over the past two decades from Katrina to Harvey, New York to California, municipal credit has remained durable and, in many cases – due to rebuilding efforts – emerged stronger than before…We expect municipal credit health to remain resilient in the Los Angeles area…We believe a concentration to Midwest and Texas issuers…
Perspective for Advisors
Tax Loss Swap into an SMA
Now is an opportune time to take advantage of tax loss swaps and, potentially, swap into a separately managed account strategy away from fixed income mutual funds and ETFs. This likely will reduce your clients’ tax burden and enhance their municipal bond investment vehicle.
Previous: Opportunity in Taxable Municipal Bonds