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Fallout from the Legacy Cares deal includes bondholder lawsuits against the underwriter and bond counsel, payment defaults, a Chapter 11 bankruptcy, and now fraud charges from the SEC and DOJ.
April 2
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Separately managed accounts have exploded in the muni market in recent years but high-yield SMAs remain rare.
March 21
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The Trump administration wants to shed federal office space, and bonds backed by those leases are feeling the heat.
March 3
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S&P cited the government's improved fiscal position as a factor in the positive outlook.
February 27
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The Trump administration singled out the Las Vegas-Los Angeles bullet train for praise Thursday, the same day the deal priced.
February 21
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BlackRock's move comes as money continues to flow out of muni mutual funds into ETFs and SMAs.
February 11
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Management is hiring a municipal advisor to evaluate its financial strategy.
February 10
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The introduction of new engines in a northern power plant and the opening of a solar farm in the south have reduced the authority's operating costs.
January 23
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It could be the year's largest unrated municipal bond deal.
January 16
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The management team sees opportunity in pockets that other investors avoid, like American Dream, Midwestern private colleges and senior living facilities.
January 10
