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Asset Management

CCG Asset Management, LLC (“CCGAM”) is a U.S. Securities and Exchange Commission (SEC) Registered Investment Advisory Firm providing asset management services to municipalities, retirement plans, and corporations.  CCGAM was founded in 2013 in addition to providing re-investment solutions.

CCGAM understands the conservative nature of our clients and we avoid problematic credit situations at all costs.  We have the ability to leverage relationships and gather information from many sources:  SEC filings, 3rd-party research, sell-side research, buy-side contacts, rating agencies, credit databases, automated Bloomberg data feeds, news sources, professional web communities, etc.  In addition, we conduct our own internal credit research to assess risk independently of the rating agencies.

The investment management function is led by CCGAMs Chief Investment Officer, Steven K Johnson, CFA.  Steve has gained significant experience while successfully managing investment grade fixed income portfolios for corporations and governments for the past 19 years.   Most recently, Steve was the Chief Investment Officer at Braeburn Capital Inc., Apple Inc.’s wholly owned investment subsidiary in Reno, NV.  Steve led a five-person team in managing Apple’s cash, short-term, and long-term investments from 2007 to 2012.  Under Steve’s leadership this subsidiary grew from one employee and $12 billion in assets to five employees and $113 billion in assets.  The majority of these assets were managed in-house to a strict investment policy that primarily consisted of high quality short-term fixed income investments.

CCG Asset Management, LLC (“CCGAM”) is a recognized leader in the reinvestment of tax-exempt and taxable debt proceeds. We work with issuers of tax-exempt and taxable debt, conduit borrowers (developers, hospitals, etc.), not-for profits and private sector entities. We are known for our creativity and innovation to create solutions for today’s reinvestment challenges. Since 2013, our focus has been on negative arbitrage solutions and we have developed a proprietary portfolio of strategies and solutions targeted toward a client’s risk vs. reward profile.

Our strategy to reinvestment is to work as part of the client’s finance team to provide value added solutions. Working with the issuer, counsel, underwriter, municipal adviser and other key stakeholders, we oversee the reinvestment process from initial investment strategy development to post transaction management.

CCGAM is known for its professional, thorough, exact and disciplined management of reinvestment strategy design and execution. The process adheres to demanding industry standards for legal compliance and conduct.

Typical Funds:

  • Project/Construction, Capitalized Interest
  • Debt Service Reserve
  • Revenue (Float)
  • Advanced Refunding Defeasance Escrows (Open Market Securities)
  • Non bond proceeds
  • Special situations

Services:

  • Development of investment strategy and concept collectively with the transaction working group
  • Analysis to determine best structure(s)
  • Turn-key management of document preparation
  • Management and coordination of working group tasks
  • Turn-key management of the procurement process (competitive or negotiated)
  • Management of closing process
  • Post-transaction management and service