Tag Archives: Shaun Burgess

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Puerto Rico Oversight Board, Rosselló tussle over Christmas bonus

Author: , Post Date: November 15, 2018
Cumberland-Advisors-Shaun-Burgess-In-The-News

Excerpt below from “Puerto Rico Oversight Board, Rosselló tussle over Christmas bonus” By Robert Slavin, November 15 2018, 3:27pm EST Puerto Rico’s Christmas bonus is again under the spotlight as the Oversight Board pressures Gov. Ricardo Rosselló to identify spending reductions to offset the cost of his plan to pay the annual benefit. The clash […]

Puerto Rico’s revised fiscal plan shows surplus; bonds rally

Author: , Post Date: October 23, 2018
Cumberland-Advisors-Shaun-Burgess-In-The-News

“A revised fiscal (plan) that shows more money for creditors and recognizes Puerto Rico’s ability to pay – that is driving GOs higher… There is still a lot of execution risk as the fiscal plan relies on some assumptions and policies being put in place,” said Shaun Burgess, a portfolio manager at Cumberland Advisors in Sarasota, Florida.

The Ball Is Rolling

Author: Shaun Burgess, Post Date: August 16, 2018
Market Commentary Puerto Rico

August has brought welcome news for the Commonwealth of Puerto Rico and for creditors eager to see a resolution to the bankruptcy process that started more than two years ago with the passage of the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA). There is now a restructuring agreement for Sales Tax (COFINA) bondholders […]

Puerto Rico – Fourth Quarter 2017 Review

Author: , Post Date: January 3, 2018
Cumberland Advisors Market Commentary

The Commonwealth of Puerto Rico entered the fourth quarter having suffered one of the most devastating natural disasters in the island’s history. Hurricane Maria left billions of dollars in damage in its wake, including both infrastructure damage and economic losses. The human costs have been equally terrible, with millions of US citizens suffering. Three months […]