Next ‘Coffee and Conversation’ event to be held Aug. 16 at Rancho Santa Fe Golf Club

Matthew Malvey, AllianceBernstein manager, will speak at the next “Coffee and Conversation event” on Thursday, Aug. 16, from 8-9 a.m. at the RSF Golf Club.

Malvey will talk about the municipal market and why having an active manager is prudent in today’s environment. High-yield munis are issued by state or local governments to fund specific public projects, such as airports, highways and hospitals. Payments to bondholders come from revenues of private companies associated with these projects — not from a municipality’s general tax revenue. On average, high-yield municipal bonds have offered 3.4 percent more yield over investment-grade municipals over the past five years. Learn how a diversified municipal bond portfolio can generate high after-tax income and total return for investors. A broad universe of high-yield and investment-grade municipal bonds may enhance income and help manage risk.

Malvey has been with Bernstein 15 years. He was based out of New York City where he worked with the Global Fixed Income team as a Managed Solutions consultant. AllianceBernstein manages over $200 billion in global fixed income assets worldwide. Malvey holds a bachelor’s degree in business management from the State University of New York at Stonybrook and holds the CIMA and CRPC designations.

To attend “Coffee and Conversation,” contact Deana Carter at (858) 756-1566 or dcarter@carterfinancial.biz. The Rancho Santa Fe Country Club is located at 5827 Via De La Cumbre in Rancho Santa Fe.