SAN DIEGO, June 19, 2017 /PRNewswire/ -- Gurtin Municipal Bond Management (Gurtin), a $13 billion asset manager specializing in high-grade municipal bond portfolios for high net worth individuals, has announced the publishing of a white paper intended to assist municipal investors and their investment advisors in assessing the strength of investment managers' independent credit research capabilities.
Gurtin's white paper, titled "How to Assess the Quality of Independent Credit Research," serves as a primer for investors selecting or assessing an investment manager, providing insight into the:
- Seismic municipal bond market shift that has increased the need for independent research;
- Key considerations for evaluating a firm's credit research strengths and deficiencies;
- Limitations of ratings agencies' credit research methodologies; and
- Questions investors can ask when assessing asset managers' credit research capabilities.
"Whereas pre-credit crisis, most municipal investors relied pretty heavily on credit ratings agencies to determine investment credit quality, independent research capabilities have now become a popular claim amongst many investment managers," said Michael Johnson, Co-Chief Executive Officer and Chief Risk Officer at Gurtin Municipal Bond Management. "Unfortunately, 'independent research' means different things to different people, and the quality of research teams can vary significantly. With no common standard for how credit research teams are structured or trained, or how a firm incorporates research into its investment management process, it can be extremely difficult for investors to determine who simply talks the talk and who actually walks the walk."
Download a complimentary copy of Gurtin's white paper, "How to Assess the Quality of Independent Credit Research."
As an industry leader in municipal bond portfolio management, with $13.4 billion in discretionary assets under management as of May 31, 2017, Gurtin is committed to investors' complete comfort in their municipal bond investments. Gurtin strives to deliver peace of mind to investors and their advisors through first-class client service, deep analysis and expertise, and creative municipal bond strategies uncovering often overlooked value in the high-quality segment of the municipal bond market.
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SOURCE Gurtin Municipal Bond Management