Short Municipal Bond

Adam is head of Municipal Fixed Income and a senior portfolio manager. In his role as a managing director, he supervises credit and quantitative research, portfolio management and trading, and municipal client relations. Adam is responsible for establishing the municipal fixed income strategy for the firm, and, as a senior portfolio manager, he oversees trading and strategy implementation in the municipal bond mutual funds, institutional municipal portfolios, and separately managed municipal accounts. Prior to joining the firm in 2001, he was a fixed income trader at the Vanguard Group where he focused on municipal bonds and derivatives. Adam holds his bachelor’s degree in business administration from Kutztown University and his master’s in finance from St. Joseph’s University. He is a member of various industry organizations, including the CFA Society of Philadelphia.

Bill is the director of credit research for the Municipal Fixed Income team. He specializes in the analysis of credits in the higher education, tobacco, transportation and asset-backed sectors and tax-backed credits in the West, Midwest and New York. He previously was a senior credit analyst with the team. Prior to joining the firm in 2003, Bill was a research associate in the fixed income division of the Vanguard Group. Bill holds bachelor’s degrees in finance and economics from Drexel University, and he is a CFA charterholder.

Mike, the director of municipal quantitative research, oversees the group responsible for interest rate risk assessment, valuation analysis, and performance attribution for the municipal bond strategies and funds. Prior to joining the firm in 2007, he was a visiting assistant professor of finance at the University of Missouri, where he was the recipient of the John A. Riggs, Jr. Excellence in M.B.A. Teaching Award. Previously, Mike was a senior associate with Andrew Kalotay Associates, Inc. and president of Jane Street Advisors. He also had oversight of the master’s degree in financial engineering at Polytechnic University and was an assistant professor in the Graduate School of Business at St. John’s University. His work has been published in numerous industry and professional publications, including "The Handbook of Municipal Bonds." Mike earned his bachelor’s degrees in economics and business management from Luther College and holds a doctorate in finance from the University of Missouri.

Bill is a quantitative analyst in the Municipal Fixed Income team and is responsible for providing data analytics and information support to the municipal portfolio management and municipal credit research teams. He joined the firm in 2008 from Comcast Cable, where he was a research analyst for operations, finance and engineering. Prior to his tenure with Comcast, he was a business analyst with PNC Financial Services Group. Bill holds a bachelor’s degree from Pennsylvania State University.

Marques is a short duration portfolio manager with the Municipal Fixed Income team, responsible for strategy implementation on the total return and quality income strategies. Prior to joining the firm in 2012, he was a municipal money market trader with the Vanguard Group. His background at Vanguard also includes the positions of financial associate in Securities Lending and operations associate in Transfer Operations. Marques earned his bachelor’s degree in business administration from Bloomsburg University and his master’s degree in finance from La Salle University.

Rob is a municipal fixed income portfolio manager who has been with the firm since 2003. He is responsible for trading and strategy implementation on the municipal total return strategies and the municipal quality income strategies. Rob was previously with SEI Investments Company, where he was a member of the client portfolio administration group. Rob earned his bachelor’s degree in finance from Drexel University and his master’s degree in finance from St. Joseph’s University.

Lisa, a senior credit analyst with the Municipal Fixed Income team, is responsible for the analysis of credits in the healthcare and public power sectors and tax-backed issuers in Puerto Rico, the South and the Northeast excluding New York. Prior to joining the team in 2004, she was a senior economist at Economy.com. Lisa has experience structuring general obligation and appropriation deals from her prior role as an sell-side analyst in Merrill Lynch’s Public Finance Group. She earned her bachelor’s degree in economics from Spelman College and her doctorate in economics from the University of Cambridge in England. Lisa is a CFA charterholder..

Dan is a Municipal Fixed Income trading desk associate who helps coordinate and execute trades and portfolio strategy. He joined the firm in 2013, coming from Veritable LP, where he spent two years as an assistant trader. Dan earned his bachelor's degree in business administration with concentrations in finance and accounting from Drexel University.

Tricia is a Municipal Fixed Income trading desk associate who helps to coordinate and execute trades and portfolio strategy. Tricia spent two years as an analyst with PNC before joining the municipal group in 2011. Prior to that, she worked as a medical program financial analyst with Merck & Co. Tricia received her bachelor’s degree in finance from Virginia Tech University.