Rockefeller Asset Management recently announced the addition of three new portfolio managers to strengthen its municipal investment strategies within its fixed income division. Scott Cottier, Mark DeMitry, and Michael Camarella, who previously managed the California Value Municipal Income Trust and the Trust for Investment Grade New York Municipals at Invesco, will be joining Rockefeller. These experienced professionals will be launching new high-yield municipal investment strategies and vehicles as part of their new roles.
Experience and Expertise
Scott Cottier, with over 29 years of experience in financial services, will be serving as managing director. Mark DeMitry, with 26 years of financial experience, will be the senior vice president. Michael Camarella, who brings 25 years of varied experience to the table, will also serve as a senior vice president. Together, they have consistently worked as a team and have managed assets totaling over $25 billion. Their collective expertise and deep understanding of the market will undoubtedly be valuable additions to Rockefeller Asset Management.
The trio will be based in Rochester and will play a key role in introducing Rockefeller to the market in that area. They will report to Alex Petrone, the director of fixed income at Rockefeller. With their extensive experience and track record in delivering alpha through actively managed strategies, Cottier, DeMitry, and Camarella are set to enhance Rockefeller’s municipal investment offerings.
High-Yield Market Opportunities
Rockefeller Asset Management is strategically expanding its team with the aim of capitalizing on compelling opportunities in both high-yield and investment-grade municipal bonds. According to Alex Petrone, there are significant opportunities for outperforming the broader muni market in the high-yield segment. The current market conditions and the higher yields offered by high-yield municipals present attractive prospects for investors seeking alpha through fixed income investments.
The addition of Cottier, DeMitry, and Camarella is part of a series of strategic hires made by Rockefeller over the past two years. The firm is focused on enhancing its capabilities and expanding its offerings to meet the evolving needs of investors. With a strong emphasis on actively managed strategies and delivering alpha, Rockefeller Asset Management is poised for continued growth and success in the municipal investment space.
Rockefeller Asset Management’s strategic expansion and addition of new portfolio managers underscore its commitment to innovation and growth in the municipal investment sector. With a strong team of experienced professionals and a focus on high-yield opportunities, Rockefeller is well-positioned to deliver value and generate alpha for its investors in the dynamic fixed income market.