PHILADELPHIA — What started as an off-the-cuff discussion in New York over the summer has blossomed into the Philadelphia Municipal Analyst Society, which attracted 50 people to its kickoff event in Logan Square on Thursday night.

"A few of us realized there are a lot of analysts in this city but no constituent society," said Eric Friedland, head of municipal research at Schroders Investment Management. Many Philadelphia analysts are already members of the Municipal Analysts Group of New York, but often find it difficult to attend MAGNY events.

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