Munis: Chicago, Detroit, Puerto Rico and More
Date: Tuesday, September 29, 2015
New York Athletic Club, 180 Central Park South
New York, NY 10019
Save the Date for Munis-Chicago-Detroit-Puerto Rico & More on September 29.
Resources
- Natalie Cohen – Municipals: Chicago-Detroit-Puerto Rico and More
- Matthew T. Reining – Incentive to Pay: How Recent Bankruptcies Inform Analysis Of Distressed Local Government Credits
- Tom Tzitzouris – Municipal Government Finances
- John Mousseau, CFA – Broad Municipal Market Review
- Kathleen McNamara - Are Munis Rich or Cheap?
- Mary Francoeur – Are Munis Rich or Cheap?
- Michael Comes, CFA – Puerto Rico: An Economy Held Hostage By Politics
Videos
- Munis Session I: Broad Municipal Market Review -- Are Munis Rich or Cheap?
- Munis Session II: City Credit Review
- Munis Session III: Puerto Rico Update
Event Detail
Munis: Chicago, Detroit, Puerto Rico and More
7:45 a.m. | Registration and Continental Breakfast
8:15 a.m. | Welcoming Remarks
- Jason Trennert, Managing Partner and Chief Investment Strategist of Strategas Research Partners LLC
- David Kotok, CIO of Cumberland Advisors and GIC Board Member
8:30 a.m. | Session 1: Broad Municipal Market Review – Are Munis Rich or Cheap?
- John Mousseau, Executive Vice President and Director of Fixed Income, Cumberland Advisors
- Mary Francoeur, Managing Director of Assured Guarantee
- Sean Carney, Director, Head of Municipal Strategy, BlackRock
- Kathleen McNamara, Senior Municipal Bond Strategist, Wealth Management Research, UBS
- Moderator: Joe Mysak, Editor of Municipal Market, Bloomberg
9:45 a.m. | Session 2: City Credit Review
- Natalie R. Cohen, Managing Director, Municipal Securities Research, Wells Fargo Securities
- Tom Tzitzouris, Director, Fixed Income Strategist, Strategas Research Partners
- Matthew Reining, Senior Director and Analytical Manager, Standard and Poor’s Ratings Services
- Moderator: Eric Platt, Correspondent, Financial Times
10:45 a.m. | Session 3: Puerto Rico Update
- Economic Update: Don Rissmiller, Chief Economist of Strategas and GIC Vice Chair of Programs
- Credit Update: Michael Comes, Vice President of Research and Portfolio Manager, Cumberland Advisors
- Legislation 870: Chuck Gabriel, President of Capital Alpha Partners
- Moderator: Mike McKee, Economics Editor, Bloomberg
11:45 a.m. | Closing Remarks
- David Kotok, CIO of Cumberland Advisors and GIC Board Member
11:45 a.m. | Book Signing: Adventures in Muniland: A Guide to Municipal Bond Investing in the Post Crisis Era
Written by Michael Comes, David Kotok and John Mousseau
For a printable version of the flyer, please click here. See location details for building and dress code information.
This program has been approved for 3.25 CTFA credits. CTFA credits should be distributed as follows: 3.25 INV. This statement should not be viewed as an endorsement of this program or its sponsor. ICB Members must report these credits at www.icbmembers.org.
IMCA has accepted this program for 2.5 hours of CE credit towards the CIMA®, CIMC® and CPWA® certifications. If you hold the CIMA®, CIMC® or CPWA® certification(s), you may report this CE program online by logging into your My IMCA account at www.imca.org/user. Detailed reporting instructions can be found at http://www.imca.org/pages/onlinereporting. When reporting online, leave the provider name field blank and fill in the program ID# (15GIC006) and date attended fields only.
The CFP Board has accepted this program for 2.50 CE credit hours. The program ID is 219721.
Event Location
The program will be held in the Olympic Suites on the 10th Floor.
Please note that business attire, with jacket, is required at all times. For more information regarding the dress code, visit www.nyac.org/dress-code.
Download iCalSpeakers
Sean Carney
Director, Head of Municipal Strategy, BlackRockSean Carney, Director, is the Head of Municipal Strategy at BlackRock, one of the largest managers of U.S. municipal bond assets. He is also a member of the firm's Investment Strategy Team, a nine-member committee led by Peter Hayes and tasked with setting the strategic direction of BlackRock's tax-exempt product suite.
Natalie Cohen
Managing Director and Head of Municipal Research, Wells FargoNatalie Cohen is managing director and head of municipal research, a coverage area that launched in 2010 for the Global Economics and Research Group.
Michael Comes
Vice President of Research & Portfolio Manager, Cumberland AdvisorsMichael Comes, CFA serves Cumberland Advisors as Vice President of Research and Portfolio Manager. His responsibilities include research of current and prospective bond holdings, both tax-exempts and BABs, as well as trading of tax-exempts and BABs on Cumberland’s fixed income desk.
Mary Francoeur
Managing Director at Assured GuarantyMary Francoeur is Assured Guaranty’s managing director responsible for business development and underwriting for Northeast US Public Finance and Project Finance and Utilities in the Americas.
Charles Gabriel
President, Capital AlphaCharles Gabriel is a 32 year veteran of political forecasting for institutional investors and president of Capital Alpha. In addition to election risk and overall policy-related investment strategy, he specializes in trends and developments impacting the mortgage, specialty finance and education sectors.
David Kotok
Chief Investment Officer of Cumberland AdvisorsDavid Kotok co-founded Cumberland Advisors in 1973 and has been its Chief Investment Officer since inception. David’s articles and financial market commentaries have appeared in the New York Times, the Wall Street Journal, Barron’s, and other publications. He is a frequent contributor to Bloomberg TV and Bloomberg Radio, Yahoo Finance TV, and other media.
Michael McKee
International Economics and Politics Correspondent, Bloomberg Radio/TVMichael McKee is the International Economics and Policy Correspondent for Bloomberg TV and Radio, covering market and political developments, economic trends and central banks in the United States and around the globe.
Kathleen McNamara
Senior Municipal Bond Strategist, Wealth Management Research, UBS Financial Services Inc.Kathleen is a Strategist for Wealth Management Research (WMR), and member of the Fixed Income Team, focusing on the municipal bond market.
John Mousseau
President, Chief Executive Officer & Director of Fixed Income, Cumberland AdvisorsJohn Mousseau is currently the President, Chief Executive Officer, and Director of Fixed Income at Cumberland Advisors. In this capacity, John also serves as a portfolio manager and has overall responsibility for portfolio construction, management, analysis, trading, and research for all tax-free and taxable bond accounts. His comments and analyses have appeared in The Bond Buyer, Barron’s, the Wall Street Journal, Bloomberg, Forbes, the Philadelphia Inquirer, and the New York Times.
Joe Mysak
Editor of "Municipal Market"Joe Mysak has been covering the municipal market since January of 1981, when he was hired at The Daily Bond Buyer. He served as copy editor, reporter, assistant managing editor, managing editor, editor, and editor and publisher.
Eric Platt
Correspondent, Financial TimesEric Platt is US capital markets correspondent for the Financial Times, covering corporate and municipal bonds. He is based in New York.
Matthew T. Reining
Analytical Manager for U.S. Public Finance State and Local Government, Standard & Poor's Ratings ServicesMatthew T. Reining is the analytical manager for U.S. Public Finance State and Local Government group’s Western region credits at Standard & Poor’s Ratings Services. Based in the San Francisco office, he leads a team of 15 analysts working on local government credit analysis.
Donald Rissmiller
Founding Partner and Chief Economist of StrategasMr. Rissmiller is a founding Partner of Strategas and has directed the Firm's macroeconomic research efforts since 2006. He oversees Strategas' thematic research as well as high-frequency econometric forecasting.
Jason DeSena Trennert
Managing Partner and Chief Investment Strategist of Strategas Research Partners LLCJason DeSena Trennert is the managing partner and chief investment strategist of Strategas Research Partners LLC and the chairman and chief executive officer of the firm's broker-dealer subsidiary, Strategas Securities, LLC.
Tom Tzitzouris
Vice President, Strategas Research PartnersMr. Tzitzouris is a vice president at Strategas, directing the Firm's fixed income research efforts. His work touches on all aspects of broad market fixed income strategy, as well as clients' asset/liability management needs.
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