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PFM Hires Veteran Georgia Banker Dick Layton

JAN 17, 2013 1:09pm ET

Public Financial Management Inc. has hired veteran Georgia banker Dick Layton as a director in the firm's financial advisory practice in Atlanta.

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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.

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