Municipal Fixed Income Group
The Municipal Fixed Income Group (Munis) is led by Lori Cohane who has over three decades of experience in the municipal bond market alongside a core team of professionals with experience in fixed income trading and municipal credit analysis.
Portfolios are tailored to the specific objectives, risk parameters, liquidity constraints and tax requirements unique to each client. Both tax-advantaged and taxable portfolios are available for investment.
The strategy places a primary focus on safety and capital preservation, with portfolios diversified on a national or state specific level, emphasizing investment grade general obligation, higher education, and essential purpose revenue bonds. An active approach is employed to identify key market themes to optimize both asset allocation and buy/sell execution. The active strategy focuses on credit, sector, security and yield curve analysis with management performing ongoing and continuous analysis of the credits in each client’s portfolio.
In a highly fragmented market, clients benefit from the group’s institutional access and execution for their accounts from both primary market issuance and secondary market trading. The team has broad access to both national and regional, niche municipal markets through their relationship with over 90 broker-dealers, allowing the strategy to cater to a wide range of tax-exempt and taxable situations.
Potential advantages to working with the Municipals Team:
- Navigating municipal bond market risk with a diversified portfolio
- Being invested in portfolios that potentially function as safe harbors, while simultaneously generating current income
- Independent credit analysis and ongoing credit monitoring
- Portfolios are fully customized to suit each individual account’s specific needs, guidelines, and goals
Available strategies:
- Tax-Advantaged Fixed Income Strategy
- Taxable Municipals
Portfolio Management Team
Lori Cohane
Lori Cohane is a Managing Director of Credit Suisse in the Asset Management division, based in New York. She has responsibility for the US tax-advantaged fixed income portfolios.
Ms. Cohane joined Credit Suisse Asset Management in May 2002 from Morgan Stanley Investment Group, where she managed bond portfolios for institutional and high-net-worth clients. Prior to that, she worked at Salomon Brothers Asset Management managing its municipal bond portfolios, and before that at AMBAC Indemnity Corp. where she underwrote municipal securities. Ms. Cohane has more than 30 years of experience in the investment industry. Ms. Cohane holds a B.S. in Finance magna cum laude from the State University of New York at Albany.
Ovadya Aryeh
Ovadya Aryeh is a Director of Credit Suisse in the Asset Management division, based in New York. He functions as co-portfolio manager for the tax-advantaged fixed income strategy.
Mr. Aryeh joined Credit Suisse Asset Management in 2010 after eight years at Goldman Sachs, where he helped manage over $18 billion in separately managed municipal bond accounts for high-net-worth clients. He has 18 years of investment experience, with an extensive trading background that includes specialization in various sectors of the municipal bond market. Mr. Aryeh graduated with honors from Yeshiva University with a BS in Finance.
Contact us
Feel free to contact us if you would like further information about Credit Suisse Asset Management Products.