Since 1973, Cumberland Advisors has been a trusted source for market expertise, personal service, and individual and institutional money management. We are an independent, fee-for-service money management firm managing over $3 billion in assets.
For the people of Puerto Rico, natural disasters have become all too commonplace. Two years ago there was Hurricane Maria, which claimed thousands of lives and caused billions in damages. Now the island has experienced a series of earthquakes (the largest being a magnitude 6.4), which have again caused destruction and again brought fear and […]
Pensions, budgets, state ratings, climate adaptation, cybersecurity, and investing This fourth-quarter commentary continues discussion on key themes of the year. Many of the themes are long-term in nature and reveal the need for governments and businesses to continue to evolve. Pensions, cybersecurity, climate resiliency, evolving demographic changes, and a globalized world as well as […]
Excerpt from… The Bond Buyer State credits stable in 2020 outlook https://www.bondbuyer.com/news/state-credits-stable-in-2020-outlook?feed=0000015a-fd07-d6dd-a9ff-ff07c9a50000 By Sarah Wynn – December 04, 2019 Analysts predict states will be in stable condition this coming year with continued revenue growth, leading to more willingness to issue debt. State revenues will continue to climb in fiscal 2020, though at a more moderate […]
Excerpt from… IHS Markit’s enhanced Ipreo platform directly connects buy-side to dealers By Lynne Funk Nov 20, 2019 Digital workflow tools in the municipal market are increasing efficiency, freeing up talent to focus on the end client without completing tasks that would take far longer manually. All of these tools flooding the market aim to […]
Excerpt from… Lower tuition rates may mean more downgrades in FY 2020 By Sarah Wynn Nov 18, 2019 Some analysts have decided to stick with highly rated bonds in the higher education sector. “The higher education area, depending on if it’s public or private has seen some declines (in enrollment) over the years, especially in […]
The fires engulfing parts of California are feared to become the nation’s worst fire disaster, possibly surpassing 2017 and 2018 fire events. Spurred on by wind gusts of up to 80 mph, this disaster harkens back to Superstorm Sandy, which occurred seven years ago, in October 2012. Superstorm Sandy soaked the Northeast, and its 80-mph […]
Municipal bond credit quality remains relatively strong, as indications are still that upgrades are outpacing downgrades. S&P and Moody’s have both recently issued comments that corporate credit quality is weakening. Per S&P, credits rated AAA to B- with negative outlooks or CreditWatch-negative assignments have been increasing, indicating a negative bias. Similarly, Moody’s estimates that the […]
The Rise of Separately Managed Accounts – 2019 Update Cumberland has utilized separately managed accounts (SMAs) to execute its fixed-income strategy since its inception in 1973, long before SMAs were popularized in the early 2000s. The reasons for managing money in this fashion are the same today as they were then: Transparency (you know what […]
Excerpt from the Sarasota Herald Tribune’s article, Recession fears growing Local experts offer comments on the impact of an economic downturn in Sarasota-Manatee. After the longest economic expansion in U.S. history, a growing number of economists and business forecasters are raising the likelihood of a recession in the not-too-distant future. In an August survey by […]
Excerpt from… Miami-Dade County jumps into legal fight over terminated toll-road agency By Shelly Sigo July 25, 2019 A court hearing Thursday and Friday could determine the fate of the Miami-Dade County Expressway Authority, and a new party in the case may sway the outcome. Miami-Dade County Commissioners decided Tuesday to become an amicus curiae, […]
