A Baltimore-based asset manager is bringing on a new taxable and tax-exempt municipal credit analyst. Debbie Hontz starts this week at Cavanaugh Capital Management and reports to Jim Dugan, cio. The asset manager manages $754 million in fixed income and Dugan noted it often uses taxable munis as a surrogate for corporate bonds. Hontz could not be reached.
The position is a new one for the asset manager and has been created to alleviate the workload for portfolio managers as assets have grown, Dugan said, although he declined to quantify the increase in new cash.
Hontz, who has been out of the market for about a year and a half, previously worked as a municipal bond analyst at broker-dealer Legg Mason Wood Walker.