BNY Mellon Investment Management has launched an infrastructure debt fund to be managed by Christine Todd at subsidiary Standish.
The US Municipal Infrastructure Debt fund will aim to capture excess yield through investing in taxable and US tax-exempt municipal bonds issued to finance infrastructure sectors and projects. Domiciled in Ireland, the vehicle will be run by Christine Todd, president and managing director of US municipal debt and insurance strategies at Standish. Why infrastructure funds are positioned to benefit from fiscal stimulus The firm said the municipal market supplies 80% of the capital for US infrastructure development, while an estimated $4.6trn of public spending on infrastructure is re...
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