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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 practice of integrating environmental, social and governance (ESG) factors into the investment process has gained significant traction in recent years. It is particularly heartening to see so many mainstream investment managers deepening their interest in ESG. Yet there is an important question being debated in the ESG community and beyond...More
In the 1978 classic film Superman, the superhero swoops down and saves the distressed Lois Lane, saying “Easy miss, I’ve got you,” with a winsome smile. A startled Lois replied, “You -- you’ve got me, who’s got you?” We don’t blame her for being concerned. We think that even Superman deserved to have an independent check on his ability to save the world...More
News & Noteworthy
Breckinridge Signs PRI Statement on ESG in Credit Ratings
As a member of PRI’s Fixed Income Engagement Sub-Committee and an advocate of the PRI’s efforts, Breckinridge has signed onto the organization’s “Statement on ESG in Credit Ratings.” The Statement calls for credit rating agencies to incorporate ESG into their credit analysis in a more systematic and transparent way. Click to read the Statement and more about the initiative.