Announcing the Winner of the 2021 Phoenix Award

City National Rochdale Managing Director and Senior Portfolio Manager, Bill Black, is the recipient of the Smith’s Research & Gradings 2021 Phoenix Award. The Phoenix Award recognizes Bill’s accomplishments in the High Yield Municipal Bond industry and related in-person presentations at events this year. Smith’s Research & Gradings notes how “Mr. Black demonstrated resiliency by finding value during the bounce-back that crushed credit spreads in 2021. Moreover, Mr. Black’s fund saw sustained inflows during the first three quarters and posted returns that out-paced high yield benchmarks.” Bill was presented with the Phoenix Award and keepsake crystal trophy at Smith’s Research & Gradings’ annual High Yield Municipal Bond Conference in October.

Mr. Black joined CNR in 2016 and brings over 33 years of expertise in the municipal bond industry to his current role managing the City National Rochdale High Income Municipal Bond Fund Portfolio. He also has experience as both an investment banker and a municipal bond analyst. In his free time, Bill likes to travel and explore new places.

Smith’s Research & Gradings is renowned for their research and analyses contributions to Wall Street and the global capital markets. In particular, the company is highly regarded for their trend predictions and creation of the first comprehensive credit scale for the global fixed income markets.

Phoenix Award Winner


Left Photo: The 2021 Smith’s High Yield Award. Right Photo: Bill Black (left) shakes Terry Smith’s hand (right), as he accepts the 2021 Phoenix Award.

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