City Different Investments

It’s probably time to worry about inflation for real. But as someone who’s run two bond desks (Thornburg and Vanguard) through thick and thin, and currently manages muni and other fixed income SMA strategies for City Different Investments, I don’t think it’s time for investors to abandon fixed income. 

If you invest in municipal bond mutual funds, some odd quirks about the way mutual funds work could have a big impact on your risk.

Municipal bond investors are spending a lot of time talking about taxes. They worry the Manchin and Sanders wings in Congress will finally reach a compromise on the infrastructure and reconciliation bills, sending taxes higher. Others still hope tight majorities and an even tighter legislative calendar will scuttle the whole program.

Meet the Team City Different is an investment firm led by investment managers. We’re passionate about what we do, and started our own firm so we could pursue our best ideas wherever they may lead. Meet two of our co-founders—Chris Ryon and Sweta Singh, Thornburg muni debt vets, portfolio managers of our fixed income and municipal bond strategies,...

Welcome to the City Different Investments blog. The City Different blog is, well, different. It’s not a sales pitch for our firm. Instead, it’s a place to share some of the insights and observations that guide our own investment decisions.