Boutique municipal financial investment supervisor faucets lengthy-term BlackRock veteran to direct freshly fashioned entity
NEW YORK, April 12, 2023 /PRNewswire/ — 16Rock Asset Management (16Rock), a complete-provider asset manager specializing in U.S. Municipal Bond financial commitment solutions, announced right now that James Pruskowski has been appointed as its Main Financial commitment Officer and Head of Organization Enhancement. Mr. Pruskowski will lead the firm in its up coming section of progress making on its heritage of handling investment money and separate accounts dedicated to the U.S. municipal sector. 16Rock is a freshly formed entity of 16th Amendment Advisors LLC, an SEC registered financial investment advisor.
Primarily based at 16Rock’s headquarters in New York, Mr. Pruskowski will drive investment decision tactic and final result-oriented solutions for institutional and high-internet-well worth consumers throughout the world. 16Rock’s Chief Executive Officer Jed McCarthy mentioned, “I am thrilled to have James be part of the business. He is just one of the most revered names in the field who has worked with purchasers all all over the environment to solve some of present day most complex worries.” The firm’s President John Lee commented, “James’ abilities in asset management will support accelerate our progress, focusing on supplying global shoppers with progressive municipal goods and expense excellence.”
Prior to joining 16Rock, Mr. Pruskowski served as Taking care of Director, Head of Institutional & Wealth Administration for Municipal Bonds at BlackRock. Given that 2004 he was the Head Portfolio Supervisor and served on the department’s management committee which is dependable for main the firm’s Municipal Bond department. His profession at BlackRock began in 1994 in which he was a single of the early employees who served construct the firm’s options, money establishments company, and its municipal bond franchise.
About 16Rock Asset Administration
16Rock is an affiliate of 16th Modification Advisors LLC (“16th Modification”), an SEC Registered Investment decision Advisor primarily based in New York. Less than the management of its founding users, Jed McCarthy and John Lee, 16th Modification manages the Five Star(1)-rated Vicksburg Municipal Fund, as nicely as individual accounts for significant-web-worthy of traders.
16th Modification and James Pruskowski fashioned 16Rock Asset Administration LLC to construct an business primary asset management company specializing in municipal bonds. Constructing on James’ decades of working experience, 16Rock leverages the investing abilities of 16th Modification to give modern managed account solutions, transition administration products and services, and option investments.
Speak to 16Rock Asset Administration LLC: 212 332 1600 www.16Rock.com
Remember to Be aware: Constraints. No amount of money of prior practical experience or achievement should really be construed by a customer or future customer as a ensure that he/she will encounter a selected level of benefits or fulfillment if 16th Modification or 16Rock (SEC registration pending) is engaged, or carries on to be engaged, to deliver investment advisory services. A copy of 16th Amendment’s present prepared disclosure Brochure talking about its advisory providers and fees carries on to continue being readily available on ask for by emailing [email protected].
(1) Supply Morningstar Direct, a division of Morningstar, as of March 31, 2023. The 5 Star rating places Vicksburg in the major 10% of equivalent municipal separate account methods dependent on danger adjusted returns.
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Source 16Rock Asset Management