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Rockefeller Asset Management Expands Fixed Income Capabilities with the Addition of Three Veteran High Yield and Investment Grade Municipal Bond Portfolio Managers
[April 22, 2024]

Rockefeller Asset Management Expands Fixed Income Capabilities with the Addition of Three Veteran High Yield and Investment Grade Municipal Bond Portfolio Managers


Rockefeller Asset Management ("Rockefeller" or "the Firm"), the asset management arm of Rockefeller Capital Management, today announced the addition of three high yield and investment grade municipal bond professionals: Scott Cottier, Managing Director and Portfolio Manager; Mark DeMitry, Senior Vice President and Portfolio Manager; and Michael Camarella, Senior Vice President and Portfolio Manager. The move expands the firm's capabilities providing differentiated investment solutions within its Fixed Income business, which currently manages approximately $5 billion on behalf of investors.

Cottier, DeMitry, and Camarella have invested together consistently for over 20 years and were listed as portfolio managers on strategies accounting for over $25 billion in assets. They will report to Alex Petrone, Director of Fixed Income, and support the expansion of Rockefeller Asset Management's active fixed income investment solutions, including launching new high yield municipal credit investment strategies and vehicles. The addition of Cottier, DeMitry, and Camarella also introduces Rockefeller to the Rochester market, where they will be based.

"In our view, there are compelling opportunities in both high yield and investment grade municipal bonds today, and we remain committed to expanding our offering to enhance our ability to deliver alpha through actively managed strategies." said Petrone. "We are excited to broaden our existing team's capabilities with the addition of these three deeply experienced investment professionals with over two decades of experience seeking alpha."

"We are thrilled to welcome Scott, Mark, and Michael - three veteran portfolio managers with over 20 years of experience investing together in high yield and investment grade municipal markets," said Casey Clark, President and Chief Investment Officer at Rockefeller Asset Management. "As our business continues to grow, we remain focused on hiring world-class talent within inefficient asset classes or themes where we believe the probability of outperformance by following a consistent investment process is high."

Cottier brings more than 29 years of experience in financial services to Rockefeller. Previously, he was a Senior Portfolio Manager and Head of Opportunistic Municipal Funds for the Invesco Municipal Bond team and before that a senior portfolio manager at OppenheimerFunds and Victory Capital Management. He holds a degree in mathematics from John Carroll University and an MBA from Case Western Reserve University. He is a Chartered Financial Analyst® (CFA) charterholder and member of the CFA Society of Rochester.

DeMitry brings 26 years of financial experience. Previously, he worked at Invesco, OppenheimerFunds, and M&T Securities. He holds a bachelor's degree in management from Niagara University and an MBA in finance from the Rochester Institute of Technology. DeMitry is a CFA® charterholder and member of the CFA Society of Rochester.



Camarella has 25 years of varied experience in the field. Previously, he worked at Invesco, OppenheimerFunds, Wells Fargo, and Morgan Stanley. He holds a bachelor's degree in management from SUNY Geneseo and an MBA in finance and corporate accounting from the University of Rochester. Camarella is a CFA® charterholder and member of the CFA Society of Rochester.

The appointments of Cottier, DeMitry, and Camarella are the latest in a series over the past two years, including Petrone as well as Jason Kotik, Lead Portfolio Manager for U.S. Small and SMid Cap strategies and Timothy Skiendzielewski, Portfolio Manager for U.S. Small and SMid Cap strategies.


About Rockefeller Asset Management

Rockefeller Asset Management serves institutions, financial professionals, and other institutionally-minded investors through equity, fixed income, and alternative solutions that seek outperformance driven by a disciplined investment process. As part of the Rockefeller ecosystem, Rockefeller Asset Management convenes global networks to generate insights and outcomes not commonly found in the investment community. With over 30 years of intellectual capital from pioneering global investing and ESG leadership, and decades of constructive shareholder engagement, Rockefeller Asset Management is committed to continually building partnerships and expanding its platform that seeks to put clients and their performance first. As of March 31, 2024, Rockefeller Asset Management has approximately $14 billion assets under supervision.*

Disclosures

*Assets under supervision is inclusive of firm assets under management of $13.8 billion and firm assets under advisement of $0.5b.

Investing involves risk, including risk of loss. Past performance is no guarantee of future results. Investments in fixed income securities are subject to credit, liquidity, prepayment, and interest rate risks, any of which may adversely impact the price of the security and result in a loss. The municipal market is volatile and can be significantly affected by adverse tax, legislative or political changes and the financial condition of the issuers of municipal securities.

This material should not be construed, as accounting, tax or legal advice. Neither Rockefeller Capital Management nor your Advisor provide legal advice. Please consult your legal advisor before making any financial decisions, potential strategy, investment financial plan, estate plan or with respect to their interest in any employee benefit or retirement plan. Rockefeller Capital Management does not provide accounting or tax advice to its clients, unless explicitly agreed upon through a Professional Services or Family Office Services Agreement between the client and Rockefeller Capital Management.

This material was prepared by Rockefeller Global Family Office, a division of Rockefeller Capital Management, solely for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy interests in any Rockefeller Capital Management investment vehicle, product or service. This presentation may not be copied, reproduced or distributed without Rockefeller's prior written consent and is not valid without a consultation with a representative of Rockefeller.

Rockefeller Capital Management is the marketing name of Rockefeller Capital Management L.P. and its affiliates. Investment advisory, asset management and fiduciary activities are performed by the following affiliates of Rockefeller Capital Management: Rockefeller & Co. LLC, Rockefeller Trust Company, N.A., The Rockefeller Trust Company (Delaware) and Rockefeller Financial LLC, as the case may be. Rockefeller Financial LLC is a broker-dealer and investment adviser dually registered with the U.S. Securities and Exchange Commission (SEC); Member Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC). These registrations and memberships in no way imply that the SEC has endorsed the entities, products or services discussed herein. Additional information is available upon request.

Alpha: A measure of the active return on an investment, the performance of that investment compared with a suitable market index.

©2024 Rockefeller Capital Management. All rights reserved. Does not apply to sourced material. Products and services may be provided by various affiliates of Rockefeller Capital Management.


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