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Below are recent news articles that feature Breckinridge perspectives and quotes from our experts.
For media inquiries, please contact our PR partners at pro-breckinridge@prosek.com.
September 28, 2023 - Breckinridge President, Peter Coffin recently joined the fifth annual Future of Asset Management North America conference for a panel called “Does the industry has a fiduciary duty dilemma?” Ignites and FundFire have coverage of the debate in the below links. (Subscriptions required).
Chief Investment Officer, Oggie Sosa, is featured in a recent FundFire article discussing the launch of Breckinridge’s three new customizations for our corporate and municipal bond strategies. (Subscription required).
Rainfall and floods are only expected to worsen due to climate change, and the city’s wastewater and drainage infrastructure isn’t equipped for the pressure. Breckinridge research analyst, Erika Smull, comments that those infrastructure problems are likely to worsen.
A recent Barron’s article quotes senior research analyst, Ruth Ducret, on the threats that climate risk issues pose for the municipal bond market. (Subscription required).
Chief Marketing and Distribution Officer, Dominica Ribeiro, joins Beyond Barriers for an inspiring podcast covering many topics, including how her dual roles as an executive and a parent have taught her lessons about communication, negotiation, and strategy inside and outside of the workplace.
Senior Trader, John Bastoni is featured in a recent Barron’s article on the risks the U.S. housing market is facing from more frequent and damaging natural disasters. (Subscription required).
Following the Maui fires, analysts acknowledge increased physical risks for electric utilities but not all think climate change will drive a wave of bankruptcies. Senior Research Analyst, Robert Azrin shares his thoughts on municipal utilities. (Subscription required).
Ruth Ducret was featured in a recent The Bond Buyer podcast covering ESG and climate risk.
A recent Bloomberg article quotes Nick Elfner on debt financing approaches and bond market conditions. (Subscription required).
Nick Elfner, co-head of research, comments on the dislocations regional banks have been facing compared to global systemically important banks (G-SIBs).
Matt Buscone was recently quoted in a Bloomberg article discussing the increasing popularity of separately managed accounts due to a decrease in investment minimums by some companies. (Subscription required).
Nick Elfner spoke with Bloomberg about acquisition financing in the investment grade corporate bond market. (Subscription required).
Following the most recent Federal Open Market Committee meeting’s decision to hold rates, Matt Buscone, co-head of portfolio management, comments on how the Fed’s decision could impact munis. (Subscription required).
Nick Elfner, co-head of research, is quoted in a Bloomberg article with market participant reactions to the Fed’s hawkish pause on interest rate hikes. (Subscription required).
After a seven-month issuance drought, banks have returned to the green bond market. Nick Elfner, co-head of research comments on the impact of recent ESG scrutiny on these deals for issuers. (Subscription required)
The Bond Buyer reports on Erika Smull's panel discussion at the recent National Federation of Municipal Analysts' 2023 Annual Conference. She is quoted on the state of water utilities, local governments and the muni bond market. (Subscription required).
Matt Buscone is featured in a recent article from The Bond Buyer, giving an update and his perspective on the muni market and what investors can expect in the coming months. (Subscription required).
Ruth Ducret, senior analyst, is quoted in The Bond Buyer on the recently published green bond disclosure guidelines. As one of the authors, Ruth speaks about the goals of this effort in the article. (Subscription required).
Pfizer had a jumbo IG bond offering, one of the largest ever sold. Nick Elfner comments on what this means for the market and demand. (Subscription required)
Nick Elfner spoke with Bloomberg about the latest volatility among U.S. regional bank bonds. (Subscription required).
Adam Stern, co-head of research, is featured in a MarketWatch article discussing when Congress will decide to raise the U.S. debt ceiling and what that means for the financial markets. He expects they will not negotiate until as close to the X-date as possible, or until the markets see more volatility.
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In a Pensions & Investments feature, Oggie Sosa, CIO, reflects on market performance in 2022 and discusses the market outlook for 2023. He outlines changing trends in interest rates, bond yields, and investor priorities that could favor increased flows to investment grade fixed income.
Nick Elfner spoke with Bloomberg about the market for Additional Tier 1 bonds after the collapse of Credit Suisse Group. (Subscription required)
With shrinking commercial bank deposits, regional U.S. banks are weighing the cost of bond sales and investors are weighing the risk. Nick Elfner, co-head of research, comments on the important decisions that banks, especially those of higher quality, face in issuing term debt. (Subscription required)
Research shows that credit quality is often an indicator of desirable dividend paying characteristics. FundFire covers the launch of our new dividend income strategies, High Quality Dividend and Sustainable High Quality Dividend. In the article we discuss the decision to venture into equity. (Subscription Required)
Nick Elfner, co-head of research, is quoted in a Bloomberg article that addresses current market perspectives on additional tier 1 debt in the wake of Credit Suisse’s losses. He comments on the market outlook and how banks and investors may need to adjust.
Matt Corn, trader, is quoted in a IFR article that discusses the shift in ABS spreads following the bank failures earlier this month. Matt notes the uncertainty from recent bank volatility and considers the state of the market as spreads widen.
As the Fed slows its interest rate hikes, perceived U.S. corporate credit risk also decreased. Nick Elfner, co-head of research, comments on the implications for IG credit and spreads, and the demand in the market while relatively high yields may continue to attract flows. (Subscription required)
After a wave of volatility in banking and the pause in investment-grade bond market issuance, borrowers are resuming activity. Nick Elfner, co-head of research, comments on the significance of the Fed’s decision for the market and what the future may hold. (Subscription required)
J&J spinoff company, Kenvue, tapped the investment grade market to finance its separation from Johnson & Johnson, selling $7.75b in bonds. Nick Elfner, co-head of research, comments on the potential implications for the consumer products industry and investors. (Subscription required)
Adam Stern, co-head of research, is featured on a Bloomberg Intelligence podcast episode that discusses the state of the muni market and ESG investing in 2023. He comments on the role of inflation, AI, SMAs, and more in the asset management space.
Florida Gov. Ron Desantis’ recent announcement to ban issuers from considering ESG in municipal bonds is only the latest in a rising trend of the politicization of ESG investing. Adam Stern, co-head of research, comments on the potential implications of anti-ESG legislation on issuers and the importance of looking at risks that are material. (Subscription required)
Nick Elfner spoke with IFR about recent bond issuance from regional banks and provides the investor perspective. (Subscription required).
Rob Fernandez, Director of ESG Research, comments on the rise in tension and discussion around ESG and investing. He is quoted in The Bond Buyer on Breckinridge's emphasis on the credit implications of ESG factors, as well as our support of standardized climate disclosure. (Subscription required)
Andrew Teras spoke with The Bond Buyer about a new bond being issued by the New Jersey Economic Development Authority, one of the largest wind energy bonds in United States municipal history. (Subscription Required)
