
Sustainability Makes SMAs Tick: Masters of the Muniverse
Despite economic data once again signaling inflation is on the rise, the future of rate cuts becoming uncertain and an evolving fiscal policy landscape, there is much to be optimistic about within the muni market. On this month's Masters of the Muniverse podcast, hosts and Bloomberg Intelligence analysts Eric Kazatsky and Karen Altamirano talk to Tim Coffin, Director of Sustainability at Breckinridge Capital Advisors. We discuss the rise in separately managed accounts and how the demand for sustainable investing is unlikely to wane.
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a day ago
- Yahoo
Truck Parking Club's CEO Evan Shelley Shares Growth Story and Industry Insights on Bloomberg Intelligence Podcast
CHATTANOOGA, Tenn., June 10, 2025 /PRNewswire/ -- In a candid conversation with Bloomberg Intelligence senior analyst Lee Klaskow on the Talking Transports podcast, Truck Parking Club Co-Founder and CEO Evan Shelley revealed how a failed real estate deal transformed into a marketplace addressing one of trucking's most persistent challenges. From Real Estate to Marketplace Shelley shared how his attempt to develop truck parking on industrial property hit regulatory roadblocks despite clear market demand. "When the municipality shut me down even on industrial-zoned land, that's when the lightbulb went off – we needed a different approach," Shelley recalled. That realization led to the marketplace model, which now adds 8-10 properties daily through entirely inbound interest. The platform serves both sides equally, with a 50/50 split between owner-operators and company drivers whose employers increasingly recognize parking as a retention tool. Unexpected Discoveries and Market Insights The conversation revealed surprising developments in how the platform is being used: Average parking duration is 2-3 days, not just overnight Mid-size carriers use the service for strategic trailer placement Parking rates range from $20 daily average to $50-100 in premium markets Local drivers book monthly parking to avoid 45-minute commutes "We built a self-service app and our customers decided how to use it," Shelley explained. "The trailer placement business just emerged naturally – we never planned for that." Data Intelligence and Strategic Partnerships Beyond solving parking needs, the platform generates valuable insights. "We can watch parking demand move across the country like a heat map," Shelley revealed. "We're layering data to understand what drives these movements." Key partnerships accelerating growth include: Prime Storage (third-largest U.S. self-storage company) targeting 100 locations Logistics Plus and other 3PLs monetizing warehouse yard space 60 of the top 100 carriers with drivers actively using the platform Navigating Growth Challenges Shelley was honest about building a two-sided marketplace. "From proof of concept to product-market fit is gruesome," he admitted. "You're building the airplane while flying – the tech has bugs, operations is covering for it, and one bad review could sink you." Despite launching during a trucking downturn, the company has maintained rapid growth, reaching over 2,100 locations since 2022 and targeting 10,000+ within 20 months. Listen to the Interview The full conversation, including discussions about multi-day parking solutions, trailer placement services, and the economics of the truck parking marketplace, is available on: Apple Podcasts: Spotify: iHeartRadio: About Truck Parking Club Truck Parking Club is a network of instantly reservable hourly, daily, weekly and monthly truck parking locations throughout the US. Truck Parking Club helps connect truckers to truck parking locations throughout the US via and our mobile app. Our network is made up of property owners that have locations adequate for truck parking to list on the platform: this includes trucking companies, truck repair shops, tow truck companies, storage companies, CDL Schools, trailer leasing companies, real estate investors, truck stops, truck parking operators and more! Media Contact Reed Loustalot CMO - Truck Parking Club reed@ 423-275-4999 View original content: SOURCE Sign in to access your portfolio
Yahoo
a day ago
- Yahoo
Circle's Wild IPO Sparks ETF Rush Betting on the Hot Stablecoin Stock
(Bloomberg) -- Wall Street's ETF machine kicked into high gear just hours after Circle Internet Group Inc. went public, riding the frenzied initial public offering of the stablecoin giant as crypto technologies enter mainstream finance. Trump Said He Fired the National Portrait Gallery Director. She's Still There. NYC Mayoral Candidates All Agree on Building More Housing. But Where? Senator Calls for Closing Troubled ICE Detention Facility in New Mexico California Pitches Emergency Loans for LA, Local Transit Systems At least three issuers rushed to file related exchange-traded funds following Circle's white-hot Thursday debut. The firm — issuer of USDC, the second-largest stablecoin — saw its shares triple shortly after trading began, reviving animal spirits across an IPO-starved market. Filings for the Bitwise CRCL Option Income Strategy ETF, ProShares Ultra CRCL ETF and T-Rex 2x Long CRCL Daily Target ETF landed with the US Securities and Exchange Commission Friday and Monday. REX Financial's registration replaced an earlier ETF prospectus, effectively shortening the timeline for a potential approval. Bitwise Asset Management Inc.'s ETF seeks to employ a covered call strategy — which enhances the income of the underlying assets — while the versions from ProShares Advisors LLC and REX Financial offer amplified bets on the stock's performance by using derivatives to deliver two times its daily performance. With risk sentiment rekindled, funds tied to speculative assets — including leveraged or inverse bets — are increasingly popular. The rapid-fire pace at which ETF product teams are moving to cash in on the momentum of single stocks exemplifies the intense competition in the $11 trillion ETF arena in the US which has been flooded with more than 4,200 products. Of those, nearly 80 funds track digital-assets in some form, data compiled by Bloomberg show. 'It's an alignment of the stars,' said Athanasios Psarofagis, ETF analyst at Bloomberg Intelligence. 'It's a crypto company, so that's high demand, it's leveraged and it's a market hungry for IPOs.' Shares of the New York-based firm have soared more than 270% across their first three trading sessions, marking the most high-profile crypto equity debut since Coinbase Global Inc.'s direct listing in 2021. Its $1.1 billion IPO lands amid renewed bullishness for digital assets — fueled in part by a regulatory sea change under President Donald Trump, whose administration has signaled a dramatically friendlier stance toward crypto compared to his predecessor. That shift has emboldened both issuers and traders alike. Single-stock ETFs — many of them leveraged or using options overlays — now account for a record 16% of all new funds launched in 2025, per Bloomberg Intelligence. More than 15 firms are now competing in the space, most of them targeting high-conviction retail traders seeking fast, directional exposure. The ETFs being proposed are also increasingly aggressive: the average volatility of their underlying assets is nearly twice that of those for already approved products, according to BI data. Critical Vote Evidence of the mutability of the crypto crowd emerged on Tuesday as Circle shares fell as much as 10%. If the losses persist it will be the first daily slump since last week's IPO. Circle's dip comes ahead of potentially transformative stablecoin legislation, which is up for a crucial vote Wednesday. The bill is supported by the crypto industry and Trump, whose family's World Liberty Financial project has issued its own stablecoin. Stablecoins are crypto tokens typically designed to be pegged to the value of the US dollar or another traditional currency. Circle's role as the issuer of USDC — a stablecoin with around 29% market share — means the stock is not a pure crypto play. Its business model leans heavily on yield from US Treasuries and other safe assets that back its token. That sets it apart from revenue models like Coinbase, which rely on transaction fees, and has helped fuel investor interest. Retail trading behemoth Cathie Wood's ARK Investment Management, bought over 3 million shares of Circle for its flagship ETF (ticker ARKK) on Thursday, according to its website, placing it among the fund's top 10 largest holdings. The firm bought additional shares for its other funds. The Circle frenzy could set the tone for a broader wave of crypto IPOs. Gemini, the exchange run by the Winklevoss twins, has filed confidentially for a listing this year, while has staffed up with veteran talent to fast-track its plan to go public. 'This is the new trend. As certain companies IPO, we are seeing ETFs, and more specifically some levered ETFs, sprout to take advantage of any tailwinds,' said Mohit Bajaj, director of ETFs at WallachBeth Capital. 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Bloomberg
2 days ago
- Bloomberg
Pay Rises for Top India Bankers Seen Widening Gap With Hong Kong
India's top finance professionals are expected to get bigger salary hikes than their peers in Hong Kong and Singapore this year as global banks tap into the country's expanding economy. Salaries for bankers in India could rise by more than 9% this year, compared to 4-5% in the two Asian cities, Bloomberg Intelligence senior analyst Sarah Jane Mahmud wrote in a note Tuesday. The report cited survey data from consulting firm Aon.