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The views expressed herein do not constitute research, investment advice or trade recommendations, and do not necessarily represent the views of all AB portfolio-management teams and are subject to change over time.
Historical analysis does not guarantee future results.
As of December 31, 2020
Source: Municipal Securities Rulemaking Board and AB
Historical analysis does not guarantee future results.
As of December 31, 2020
Source: Municipal Securities Rulemaking Board, Thomson Reuters Municipal Market Data and AB
Historical analysis does not guarantee future results.
Data represent all municipal trades during 1Q 2021.
As of March 31, 2021
Historical analysis does not guarantee future results.
As of December 31, 2020
Source: Municipal Securities Rulemaking Board and AB
Historical analysis does not guarantee future results.
Three-month average of BWIC and offers by time of day
As of April 30, 2021
Source: AB
The views expressed herein do not constitute research, investment advice or trade recommendations, and do not necessarily represent the views of all AB portfolio-management teams and are subject to change over time.
Gavin Romm is a Senior Vice President and Head of Separately Managed Accounts (SMA). He is responsible for the management and strategic growth of AB’s SMA business across fixed income, equity and multi-asset. This includes the construction and ongoing evolution of AB’s deeply customized, technology-driven SMA investment platform, which delivers bespoke solutions to investors across a variety of commercial channels. Previously, Romm was a senior leader responsible for fixed-income technology and data initiatives, driving innovation through data science, quant and automation to enhance AB’s investment decision-making capabilities. Prior to that, he was a portfolio manager and member of the High Yield and High Income portfolio-management teams. Before joining AB in 2013, Romm was a fixed-income specialist at Bloomberg, where he developed and supported fixed-income cash bond and derivative analysis tools. He holds a BA in economics with a minor in entrepreneurship from Trinity College and is a CFA charterholder. Location: New York
Matthew Norton is Chief Investment Officer for Municipal Bonds, responsible for overseeing municipal bond investing at AB. He is also a member of the Municipal Impact Investment Policy Group. Previously, Norton was a portfolio manager on the Municipal Bond team. He joined AB in 2005, focusing primarily on research in tax-exempt and taxable fixed-income markets. Prior to joining the firm, Norton worked as a statistical research analyst at St. Lawrence University, evaluating the accuracy of biometric devices. He holds a BS in economics and mathematics from St. Lawrence University and an MBA in economics and quantitative finance from the Leonard N. Stern School of Business at New York University. Location: New York