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Breckinridge Capital Advisors is a Boston-based investment advisor specializing in the management of high-grade fixed income portfolios for institutions and private clients. Working through a network of investment consultants and advisors, Breckinridge offers municipal, corporate, government and sustainable bond strategies in customized separate accounts.
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In an unsurprising decision on March 24, the Illinois Supreme Court ruled that Chicago’s 2014 pension reform ran afoul of the state constitution. The June 2014 reform law, Public Act 98-0641, reduced annual increases in pension benefits in violation of Illinois’ pension protection clause...More
Entering 2016, municipal credit fundamentals are broadly consistent with those entering 2015: stable but vulnerable to an economic shock. Like last year, the economy is growing modestly, transportation and revenue credits are benefiting, and most state and local issuers are exhibiting a stronger ability to meet debt obligations...More
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The word “set” has more meanings than any other word in the English language, its entry in the dictionary totaling a record 60,000 words. In the investment world, the word “yield” could give “set” a run for its money. Fixed-income market participants often quote the term “yield,” but the word’s context could be misunderstood because various types of yield exist and each is calculated differently...More
Basketball fans can vouch that a star player’s injury or botched performance can dramatically hinder a team’s chances to win a game without talented teammates to step up. Similarly, investors often rely on equities to be the “stars” of their portfolios, and an equity losing streak can send overall portfolio performance reeling unless other asset classes...More
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Breckinridge Featured in McKinsey Sustainable Investing Thought Piece
Breckinridge’s innovative approach to ESG integration mentioned in McKinsey’s latest thought piece titled “Sustaining sustainability: What institutional investors should do next on ESG”.