Credit Research

Ruth Ducret

Vice President
Analyst

Ruth Ducret, vice president, is a research analyst at Breckinridge. In her role, she performs municipal credit analysis. Ruth has 14 years of investment industry experience. Prior to joining the firm in 2016, she was a credit analyst with Standard & Poor’s Ratings Services where she covered local governments for the firm’s U.S. public finance group and analyzed money market funds, local government investment pools and longer duration bond funds. Prior to S&P, Ruth worked for the Michael J. Fox Foundation. Ruth holds a BA in international relations from Tufts University and an MBA with a focus in finance from New York University Stern School of Business.

On her role…

“I am a vice president and municipal research analyst at Breckinridge. I am responsible for analyzing state and local government issuers, non-profit hospital systems and airports.

On a typical work day…

“A typical day for me involves assisting our portfolio managers and traders through my analysis of new bond offerings coming to market and the review of credits that we already own. On an ongoing basis, I’m analyzing credits, detailing my analysis in comprehensive credit reports and discussing my opinions with the investment team so that they can make more informed decisions.

On what she finds most fulfilling…

“One of the most fulfilling aspects of my work is analyzing a really complex credit that takes a while to wrap my head around and arriving at a clear, concise and thoughtful rating decision. I enjoy uncovering aspects of credits that are not in published rating agency reports and helping drive better investment decisions.

On what makes Breckinridge stand apart…

"I believe it is the emphasis the firm places on fundamental, bottom-up credit analysis. Credit research is really the core of our investment process, which I don’t think is consistent across our industry. This focus on credit research is a unique aspect of our company and sets us apart from our competitors.

On what brought her to Breckinridge…

“Primarily, it was the opportunity to work for an innovative firm with a passion for credit research. The success of the firm was important to me as well. I was also excited by the opportunity to leverage my rating agency research experience to the buy-side. I am very happy to be here. I think this is an exceptional place to work and grow professionally.

On Breckinridge’s collaborative, open-mindedness…

“Employees at Breckinridge are very supportive of new ideas and are open to thinking outside the box. Our research analysts are enthusiastic and excited about credit. Management encourages the discussion of ideas and opinions without judgment. It’s a very free-thinking, analytically rigorous environment that I think leads to better credit research and investment decision making.