Entries by Matt Bernardi

High Income Municipal Strategy – Bernardi Asset Management Named Top Guns Manager by Informa Investment Solutions

Chicago, IL May 2020 —Bernardi Asset Management (BAM), a wholly owned subsidiary of Bernardi Securities, Inc. (BSI) has been awarded a Top Guns designation by Informa Investment Solutions’ PSN manager database, North America’s longest running database of investment managers. This award was for BAM’s High Income Municipal, Short-Term Taxable, and Intermediate-Term Taxable strategies.  This is […]

May 20, 2020 by

COVID-19 and its Impact on Municipal Credit (Part I)

We would be remiss to not wish each of our readers and clients safety and peace of mind during these most trying times. Following Governor Pritzker’s “stay-at-home” order, we want to let you know our firm will remain open via remote access operations and lightly staffed crews in our Peru, O’Fallon, and our Chicago headquarters […]

March 23, 2020 by

Unapparent Risk in Municipal Bond Land

2019 municipal bond market performance has been stellar as its safe-haven status persisted in a year packed with monetary policy easing from global central banks. The Bloomberg Barclays long-term tax-exempt index is up 7.54% YTD.[1] While 4Q information is not available, Bernardi Asset Management’s (BAM) High Income Strategy was up 6.32% at the end of […]

December 30, 2019 by

RE: Wall Street Journal’s “Your Stock Trades Go Free but Your Cash Is in Chains”

Jason Zweig’s October 4th article underscores that transactions costs should not be the only metric investors use to evaluate investment platforms. Additionally – and as importantly – they need to consider opportunity costs, the portfolio management process, and market access (the latter, especially for munis!). The latest news is that Schwab, TD, etc. are cutting […]

October 10, 2019 by

Stranger Things & Global Central Banks

The hit Netflix sci-fi series Stranger Things takes place in the fictional 1980’s town of Hawkins, Indiana. The show follows a group of middle school kids fending off other-dimensional monsters and Russian conspiracy plots. The threats are significant, though they are entirely unnoticed by society, aside from the primarily juvenile cast. Today’s global central bankers […]

August 9, 2019 by

Market Review – Summer 2019

Please find below our portfolio management team’s Summer 2019 Municipal Market Review. This provides an overview of current market conditions and information about our total return and goals-based strategies.  If you would like additional information about our process or specific strategies, please let us know. Bernardi – Market Review – Summer 2019

June 24, 2019 by