Tuesday, June 5, 2007

Muni hedge fund says hires Merrill's Kuller

(Reuters) - Kuller will join 1861 as an assistant portfolio manager,
the fund said in a statement. Kuller was senior director and
manager of the municipal bond credit research group at Merrill
Lynch, and has been at the Wall Street firm for 16 years, the
fund said.




"The hiring of Kurt allows us to expand into other sectors
of the $2.4 trillion municipal bond market, such as housing
bonds, which offer more attractive yields at the 'AAA' and 'AA'
rating levels for our investors," said John Lee, one of the
founders of 1861. "In fact, the state housing finance
authorities are often more highly rated than the states
themselves."


Read more at Reuters.com Bonds News

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