Buy side

Raymond James has agreed to acquire SumRidge Partners, a fixed income market maker dealing in investment-grade and high-yield municipal bonds.

Nuveen is asking a judge to toss Preston Hollow Capital's defamation claims as a summer trial looms.

Lloyd Nemerever will lead portfolio management for the firm's municipal bond-focused separately managed accounts.

The 18-member group will be headed by Eric Scroggins, co-head of debt advisory and restructuring, and Bill Reisner, head of public finance investment banking.

A new report from Merritt Research Services looks at potential post-pandemic problems for big cities that rely on taxes from commercial real estate.

The UST selloff and rate fears spooked investors in January, but experts predict more opportunity and a stronger tone for munis in the remainder of the first quarter.

While opportunities exist, investors should still monitor economic and market developments as they search for value in the final weeks of the year, experts said.

The city’s timing is good as long as market demand for municipals, especially higher yielding paper, stays on track, municipal bond investors say.

Peter Delahunt, who spent 26 years with Raymond James, has been hired by StoneX to help build out its muni business.

The fund focuses on investment-grade state and local government debt funding sustainable development, including affordable housing, green spaces and hospitals.