Recorded on 10/20/2023

Municipal bonds play a key role in advancing public infrastructure projects. In this episode, we focus on the Indiana Convention Center, its role in the local economy, its bonds and the relative attractiveness of municipal debt issued in the Hoosier State. If you’ve always wondered about the plumbing of how financing gets raised for public projects like the expansion of the convention center and what opportunities that creates for investors, this episode is for you!

Relevant Links:
Indianapolis Convention Center: https://www.icclos.com/

6th expansion in its history (since 1972) recently broke ground - https://www.icclos.com/about-us/indiana-convention-center-expansion-project/

Indiana Finance Authority - https://www.in.gov/ifa/
ISBA - https://www.in.gov/iscba/

Book Recommendations
The Power Broker: Robert Moses and the Fall of New York by Robert Caro

Neuromancer by William Gibson

Guest Bios
Jack Muller, CFA

Jack joined MacKay Shields in 2023 as a Research Analyst. Before joining to MacKay Shields, he was a Municipal Strategist at Citigroup, where he spent ten years in various capital markets roles. Jack graduated from the University of Pennsylvania with a B.A. in International Relations and Economics, and he is a CFA Charterholder. He has been in the financial services industry since 2013.

Background on MacKay Shields
MacKay Shields is a global boutique investment firm with $129 billion in assets under management (as of 9/30/2023).

We provide investors with specialty fixed income expertise across global fixed income markets including municipal bonds, structured credit, corporate credit and emerging markets debt.

For decades, our dedicated teams of specialists have delivered customized solutions backed by disciplined research and a commitment to delivering long-term value for its clients. The MacKay Shields client experience provides investors direct access to senior investment professionals. MacKay Shields is a wholly owned subsidiary of New York Life Investment Management Holdings LLC, which is wholly owned by New York Life Insurance Company. We have been managing assets for New York Life Insurance Company since 1985.

Visit our website: www.mackayshields.com

Who are the hosts?

Austin Crites, CFA: Austin is a past-president and current committee member of CFA Society Indianapolis. Professionally, he is the Chief Investment Officer at Aurora Financial Strategies where he manages US-focused, all-cap, style-agnostic equity strategies as the core of client portfolios. Austin is a 2008 graduate of Marian University in Indianapolis where he is now an adjunct professor in the Byrum School of Business.

Matt Henry, CFA: Matt is a Senior Investment Officer at STAR Wealth Management. He is also a Past President and a director of CFA Society Indianapolis. When he’s not managing porfolios, Matt teaches Finance 300 at Ball State University. He enjoys air conditioning, wi-fi, and the conveniences of indoor living.