Rockefeller Asset Management has recently made a significant announcement regarding the addition of three new portfolio managers to enhance its municipal investment strategies within the fixed income division. This move aims to strengthen the firm’s position in the market and provide investors with opportunities for growth and diversification.
The three new portfolio managers, Scott Cottier, Mark DeMitry, and Michael Camarella, bring a wealth of experience from their previous roles at Invesco, where they managed high-profile municipal investment trusts. With decades of combined experience in financial services, the trio is poised to lead Rockefeller’s new high-yield municipal investment strategies and introduce innovative vehicles to the market.
Scott Cottier, with over 29 years of experience at Invesco OppenheimerFunds and Victory Capital Management, will serve as the managing director. Mark DeMitry, who has 26 years of financial experience from his time at Invesco, OppenheimerFunds, and M&T Securities, will take on the role of senior vice president. Michael Camarella, with 25 years of varied experience at Invesco, OppenheimerFunds, Wells Fargo, and Morgan Stanley, will also serve as a senior vice president. Their diverse backgrounds and expertise will contribute to Rockefeller’s overall growth and success in the municipal market.
According to Alex Petrone, director of fixed income at Rockefeller, there are compelling opportunities in both high-yield and investment-grade municipal bonds currently. The firm remains dedicated to expanding its offering to deliver alpha through actively managed strategies. With the addition of Cottier, DeMitry, and Camarella, Rockefeller aims to enhance its capabilities and provide investors with a competitive edge in the market.
These new hires are part of Rockefeller’s ongoing efforts to strengthen its team over the past two years. The firm has been proactive in taking advantage of the high-yield market, which has outperformed the broader muni market this year. With a focus on income as a driver of return for fixed income investors, Rockefeller sees high-yield municipals as a promising opportunity for continued growth and outperformance in the near term.
Rockefeller Asset Management’s addition of three experienced portfolio managers underscores its commitment to delivering value and alpha to investors through innovative strategies and expert leadership. With a strong team in place and a focus on market opportunities, Rockefeller is well-positioned to capitalize on the evolving landscape of the municipal bond market.