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UBS Vet David Cohen Joins SIFMA's Muni Group

JUN 3, 2011 7:37pm ET

WASHINGTON — David Cohen, formerly with UBS, has joined the Securities Industry and Financial Markets Association as a managing director and associate general counsel for the muni division.

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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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