municipal expertise

MacKay Municipal Expertise

The municipal bond market can be very inefficient. Having an experienced investment team is
critical. The depth and extensive experience of MacKay Municipal Managers provides a keen
focus that gives us a powerful vantage point in the municipal market. This perspective allows us
to capitalize on opportunities created by the mispricing of securities and information gaps.

Seasoned Professionals

MacKay Municipal Managers is co-headed by John Loffredo, CFA, and Robert DiMella, CFA. John and Bob previously headed the largest municipal asset management group at Merrill Lynch Investment Management/BlackRock with assets in excess of $100 billion. Combined, they have 38 years of investing experience and have managed municipal credit and portfolio strategies together for 17 years. The managers are supported by dedicated research and risk management personnel with an average of 20 years of experience.

Broad Expertise

The investment professionals have managed municipal assets across institutional separate accounts, open-end and closed-end funds, high net worth accounts, and custom opportunistic funds. The team’s insights and expertise helps them anticipate technical trends and analyze individual issues.

Municipal Bond Specialists

The team’s research experience includes all facets of the municipal market, including investment grade municipals, municipal high yield, build America bonds, taxable municipals, tender option bonds, municipal inflation protected bonds, floating rate notes, and variable rate demand obligations. The team has long-term relationships and access to a deep network of the most influential market participants.