Bernardi serves tax-exempt institutional investors targeting separate account management. Institutional clients include municipal pension funds, insurance funds, local governments, and other types of tax-exempt institutions.
Our strategy revolves around taxable municipal bonds, which compose about 12% of the overall municipal market.
Taxable municipals have historically offered clients attractive risk-adjust returns and diversification from other high grade fixed income asset classes. A typical portfolio will center on the taxable municipal bond allocation, supplemented by exposure to certificates of deposit and high-grade corporate bonds.
Our taxable strategies are customized to the institution’s parameters and asset allocation objectives.