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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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A poll taken the day after the June 23 Brexit vote found that the primary rationale for British voters to leave the European Union (EU) was to honor the principle that “decisions about the U.K. should be taken in the U.K.” The vote was an unexpectedly loud expression of sovereignty...More
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
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Out with the Old? Don’t Get Carried Away When Transitioning Your Muni Bond Portfolio | October 21, 2016
“Out with the old, in with the new” may be the perfect mantra for tasks such as updating a wardrobe or spring cleaning. However, when it comes to transitioning a municipal bond separate account to a new investment manager, a complete overhaul and replacement of current holdings may be exactly the wrong path...More
For years, many cash investors have relied on money market funds (MMFs) as the short-term debt market’s darling for providing unshakable liquidity and capital preservation. Then in September 2008, markets experienced a sharp reality check...More
News & Noteworthy
Peter Coffin joins SASB’s Newly Formed Investor Advisory Group
Having long recognized the importance of ESG in assessing credit risks and opportunities, Peter Coffin joined SASB’s Investor Advisory Group (IAG) as a founding member. In the formation of the IAG, SASB, Breckinridge and other leading asset owners and managers will encourage companies to disclose material ESG information and advocate for improving the quality and comparability of sustainability-related disclosure to investors.