- Miller will start in January, lead muni-investment group
- Group will focus on high-yield munis initially, Miller says
John Miller, who managed the municipal-bond market’s largest junk mutual fund at Nuveen until earlier this year, will join First Eagle Investments in January to build a muni department from the ground up.
When he joins the $131 billion money manager in the new year, Miller says he’ll focus on what has defined his career — the riskiest corners of the municipal market.
“I wouldn’t rule out investment grade,” he said in an interview. “But we’ll start with high-yield. That is where my value-add is.”
By Danielle Moran
September 21, 2023