Clark Capital Management Group, an independent investment advisory firm that manages $3 billion in assets, created a new fund that uses municipal bonds to hedge against interest-rate risk and formed a partnership with longtime muni professional Jonathan Fiebach to run it.

“We think there’s a lot of opportunity in the muni market, and that our skills are being able to identify that opportunity,” said Fiebach, who’s started a new company called Main Point Advisors, Inc., to make the investment decisions and manage the fund as sub-adviser.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.