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November 21, 2010

InvestmentNews: Kenneth Naehu Quoted in “Muni Bond Drubbing No Surprise, Advisers Say”

“Muni Bond Drubbing No Surprise, Advisers Say,” by Dan Jamieson, InvestmentNews.

The rout in municipals “was not unexpected,” said Kenneth Naehu, managing director of fixed income at Bel Air Investment Advisors LLC, which manages more than $6 billion. “It was just a matter of time,” given the large amount of new issues and higher Treasury yields, he said.

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