Our history is rooted in finding opportunity where others see problems and uncertainty. Breaking away from Morgan Stanley in 2008 with $5 billion in assets under management, Bill Gurtin founded Gurtin Municipal Bond Management in the midst of the uncertainty of the financial crisis — pursuing a dream of building the premier tax-exempt municipal bond management firm in the industry and making a commitment to the loyal clients who would make this possible.
Recognizing that striving to exceed clients’ expectations would require doing things differently, that’s exactly what we did: We built a firm focused on putting clients’ needs first and finding innovative ways to manage municipal bond portfolios that could serve as the foundation of their overall investment portfolio.
Similar to an investment portfolio, a company is only as strong as its foundation. To that end, we dedicated the firm’s first 10 years to investing in our people, research, and technology. We set out to attract, train, and retain:
With this solid foundation in place, the firm again seized an opportunity to redefine excellence in serving our clients, as we became a PIMCO company in January 2019. Today, with the support of one of the world’s premier fixed income investment managers and $38 billion in assets under management across the combined businesses, we continue to seek out ways to raise the bar on municipal bond management for high and ultra-high net worth investors.
With a deep and focused expertise in one of the most opaque and often misunderstood asset classes, we are passionate about municipal bonds and the investors who rely on them for fixed income. While every client is different, our investment team’s collective decades of experience in analyzing municipal bonds and actively managing municipal bond portfolios give us great insights into the often shared values, goals, and concerns of the country’s wealthiest families and their investment advisors.
Our passion for municipal bond management fuels our creativity and outside the “style” box thinking. Offering more than industry standard laddered portfolios, Gurtin also offers municipal bond strategies that are uniquely focused on minimizing portfolio volatility, as well as credit-based municipal bond strategies that seek to outperform the market by taking an intelligently contrarian viewpoint.
With the belief that there is more to peace of mind than simply being comfortable with your municipal bond investments, we view the client experience as tantamount to investment security and are wholly committed to client satisfaction. By being available and responsive, and providing a customized client experience, Gurtin seeks to ensure that client needs are always being completely met.
As we work to protect principal and intelligently maximize after-tax income and returns, our highest priority is the comfort of investors in their municipal portfolios and financial future. To achieve this objective, we’ve made municipal credit and market research a core competency — using our independent credit and quantitative research to integrate environmental, social, and governance (ESG) factors into our investment process and uncover generally overlooked value.
Learn more about our approach to credit research:
Gurtin and its employees not only support but are involved in a number of philanthropic organizations in the greater San Diego area. We seek to improve the community by investing in issues and causes close to our heart, focusing on developing culture, education, and youth in San Diego.
Gurtin employees actively serve on the boards of the following local San Diego organizations.
A Tony Award-winning professional non-profit theatre located on the prestigious campus of the University of California, San Diego, the La Jolla Playhouse proudly serves and supports over 30,000 children, students, and adults each year in its efforts to serve the neighborhood, provide educational programs, and enrich the community.
Believing reading to be the fundamental skill capable of altering and bettering lives and communities, Words Alive is committed to helping today’s adolescents and youth value and learn to read. By providing educational opportunities, reading experiences, and student scholarships, Words Alive annually impacts over 5,000 students and families across the community.
In addition, Gurtin is also proud to support the organizations below.