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Posted at 09 Oct, 18:36h in News

Pension and health-care related costs are growing so fast that POBs are one of several difficult options to cover these costs,” said Jon Schotz, managing partner at Saybrook Fund Advisors. “But I don’t know why issuers would do POBs, if you look over time, they haven’t worked. It’s very rare that municipalities can invest pension assets and see a return at a rate higher than their borrowing costs without taking on more risk.

— Jon Schotz, Debtwire, October 9, 2019
About Saybrook Fund Advisors
Saybrook Fund Advisors focuses on opportunistic investing in special situation, distressed and defaulted credit opportunities in the municipal marketplace.
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501 Santa Monica Blvd
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