Biography
Andrew Kalotay is a leading authority on the valuation and management of municipal bonds. His recent focus has been on maximizing the after-tax performance of separately managed accounts by dynamic investment and sales strategies. His firm’s fixed-income analytics are used by major asset managers and risk-management platforms. Before establishing Andrew Kalotay Associates in 1990, Kalotay was with Salomon Brothers. Prior to Wall Street, he was at Bell Laboratories and AT&T. On the academic side, he was the founding director of the graduate financial engineering program at Polytechnic University (now part of New York University). He is a co-author of the CFA Level II reading, Fixed-Income Analysis. Kalotay holds a BS and MS degree from Queen's University and a PhD from the University of Toronto, all in mathematics. He was inducted into the Fixed-Income Analyst Society’s "Hall of Fame" in 1997.
Tax-smart portfolio valuation signals opportunities to improve after-tax performance by recognizing losses.
Viewing your muni portfolio through a tax-smart lens will open your eyes to its true after-tax value.