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Investors now have access to six additional separately managed
Columbia Threadneedle Investments today launched six new separately
managed account (SMA) strategies for municipal bond investors, drawing
on the firm’s 20-plus years of experience in managing tax-exempt fixed
income portfolios for high-net-worth investors.
Three of the new SMA strategies are traditional municipal bond
portfolios, with durations of short, short-intermediate and
intermediate. The remaining three are laddered strategies, also with
Columbia Short Term Municipal SMA
Columbia 1–10 Year Municipal Ladder SMA
Columbia Short-Intermediate Municipal SMA
Columbia 5–10 Year Municipal Ladder SMA
Columbia Intermediate Term Municipal SMA
Columbia 10–15 Year Municipal Ladder SMA
These SMAs are designed for individuals seeking professional portfolio
management, credit research and trading, and personalization of their
tax-exempt bond portfolio, all while maintaining direct ownership of the
underlying securities. They are available on several platforms.
“Managed accounts have dramatically enhanced the individual investor’s
ability to capitalize on customization and tax efficiency within one
portfolio,” said Dan Beckman, head of U.S. product for Columbia
Threadneedle Investments. “The introduction of these products also
allows us to better serve our intermediary partners across their full
book of business.”
Columbia Threadneedle managed $19.5 billion in municipal fixed income
securities across SMAs, institutional accounts and 18 retail mutual
funds as of December 31, 2017. The municipal team has 24 investment
professionals, with an average of 21 years of industry experience over
various market cycles. The 10 dedicated municipal research analysts on
the team have sector-specific expertise and together cover more than
2,600 municipal credits.
These six SMAs will be managed by Bill Callagy and Allyson McCann.
About the portfolio managers:Bill Callagy is a
municipal fixed-income portfolio manager for Columbia Threadneedle
Investments. In this role, he manages the SMA municipal bond strategies.
He joined Columbia Threadneedle Investments in 2017.
Previously, Mr. Callagy was a senior member of portfolio management team
responsible for managing various municipal SMA strategies for Belle
Haven Investments LP. Prior to that, he was a lead trader, a member of
the team that designed a new tax-exempt fixed income SRI/ESG strategy
and had client facing responsibilities.
He has been a member of the investment community since 2008. Mr. Callagy
received a B.S. from Fairfield University.
Allyson McCann is a municipal fixed-income portfolio manager for
Columbia Threadneedle Investments. In this role, she manages portfolios
for high-net-worth clients. In addition, she has been instrumental in
the development of the firm's municipal SMA capabilities and manages a
number of SMA strategies.
She joined one of the Columbia Threadneedle Investments legacy firms in
2013. Previously, she was a portfolio manager and trader for SMA and
trust accounts at BNY Mellon. She has been a member of the investment
community since 2006.
Ms. McCann received a B.S.B.A. in Finance and International Business
from Suffolk University and an MBA/MSF from Northeastern University.
About Columbia Threadneedle Investments:Columbia
Threadneedle Investments is a leading global asset manager that provides
a broad range of investment strategies and solutions for individual,
institutional and corporate clients around the world. With more than
2,000 people, including over 450 investment professionals based in North
America, Europe and Asia, we manage $495 billion1 of assets
across developed and emerging market equities, fixed income, asset
allocation solutions and alternatives.
Columbia Threadneedle Investments is the global asset management group
of Ameriprise Financial, Inc. (NYSE: AMP).
For more information, please visit https://www.columbiathreadneedleus.com/.
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1As December 31, 2017.
Columbia Threadneedle Investments is the global brand name of the
Columbia and Threadneedle group of companies.
Advisory services provided by Columbia Management Capital Advisers, an
operating division of Columbia Management Investment Advisers, LLC
(“CMIA”) that offers investment management and related services to
clients participating in various types of wrap programs.
Investment involves risks including possible loss of principal and
fluctuation in value. Please have your client review the strategy
risks and other details in the program materials before investing.
Managed account programs may require a minimum asset level and may
not be suitable for all investors.
© 2018 Columbia Management Investment Advisers, LLC. All rights reserved.
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