Asset Preservation Advisors
Asset Preservation Advisors (APA) is a Registered Investment Advisor founded in 1989. APA specializes in managing high quality tax-exempt and taxable municipal bond portfolios for other registered investment advisors, family wealth offices and institutional clients.






APA Commentaries
APA June 2013 Market Commentary
Chapter 9 Filing Updates: Good news first, then the not so good news As Jefferson County, Alabama announced last week that it had reached an agreement to refinance most of its debt and pave the way for an exit from Chapter 9, we saw indications from the city of Detroit that it is seriously contemplating filing the largest bankruptcy in the history of the municipal market. Jeff Co had previously been the largest municipal bankruptcy with $4.2 billion in debt when it filed in November 2011. The present terms of the Jeff Co agreement propose concessions from its largest creditors;
APA Special Market Report – June 2013
Interest Rates and Municipal Bonds Headlines declaring the end of the 30 year bull market for bonds coupled with May’s underperformance in fixed income markets have investors and advisors calling for reassurance on their municipal portfolios. This Special Market Report addresses these concerns and also discusses APA’s outlook and strategy. In the last month the 10 year treasury rate has increased nearly 50 basis points. This has been fueled by confusing testimony from Fed Chairman Ben Bernanke, the subsequent release of April’s Fed meeting notes and a tepid jobs number. While Bernanke testified that he would cautiously consider reducing the