Muni Investors Who Got 2015 Right Seek Gains in Market's SwingsBy
MacKay Shields says drop in dealer holdings signals volatility
Firm's calls gave it two of the 10 best funds in past year
MacKay Shields’s John Loffredo and Robert DiMella made five predictions for the municipal-bond market in 2015, and they all came true. This year, the co-heads of munis at the $90 billion investment firm expect a liquidity tug-of-war to create profit-making opportunities.
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