Daryl Clements

Daryl Clements

Municipal Bond Portfolio Manager—Municipal Fixed Income

21 Years at AB
32 Years of experience

Daryl Clements is a Senior Vice President and a Municipal Bond Portfolio Manager on AB’s Municipal Fixed Income team, where he is responsible for overseeing the firm’s various separately managed accounts (SMA) and mutual fund assets. He joined AB in 2002 as a municipal credit research analyst, responsible for evaluating municipal issuers nationwide, with a particular focus on the transportation, public power and tobacco-backed bonds sectors. In 2006, Clements was promoted to the portfolio-management team and became a member of the Tax-Exempt Fixed Income Investment Policy Group. Since that time, municipal assets under management have increased from US$22 billion to nearly US$60 billion. Within that growth, Clements spent considerable time expanding and broadening the team’s SMA business. Prior to joining the firm, he was an associate director and municipal credit analyst for Financial Guaranty Insurance Company for six years and a municipal research associate for five years before that with Moody’s Investors Service. Clements holds a BS in business, management and finance from Brooklyn College and an MBA in finance from Pace University. In 2008, he co-authored the “How to Analyze Airport Revenue Bonds” chapter in The Handbook of Municipal Bonds. Location: New York

Municipal Bonds: Four Ways to Stay Flexible in 2020
Muni Investors: Listen to the Market
Will Municipal Bonds Continue to Deliver? An Investor Q&A
Midyear Municipal Outlook: Stay Flexible Late in the Cycle
Are Your Munis Stuck in a Pre-2008 World?
Municipal Bonds: Three Strategies for 2019
Inflationado? Muni Investors Should Seek Cover
Five Ways to Keep Your Muni Portfolio on Track in 2018
Are Munis No Longer Safe?
Muni Investors: It’s Time to Quit Smoking Tobacco (Bonds)
Shadows of Tax Reform Loom over Municipals
Munis: Active or Passive? There’s No Debate
Do Natural Disasters Portend Defaults?

Do Natural Disasters Portend Defaults?

by Daryl Clements, Richard Schwam
Never before in the US have we experienced a natural disaster of the magnitude of Harvey. The damage is of such a degree that we find it nearly impossible to comprehend. Yet Harvey does not stand alone. Climate events that preceded it give us much-needed insight into how municipalities recover, and whether disasters precipitate credit defaults.

Fixed Income

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