Principal

Judy is the Director of Credit Research and serves as a member of the Investment Committee. 

Judy is the author of The Fundamentals of Municipal Bonds, 5th Edition (John Wiley and Sons, 2001), the most widely used book about the municipal bond business.  She is quoted frequently in the media and has lectured and written extensively about municipal credit and other aspects of the market.   

Judy was a Vice President at Goldman, Sachs & Co from 1980-1997, where she was responsible for the credit analysis of state and local governmental issuers, higher education, health care and non-profit institutions, utilities and all other revenue bond issuers.  Judy had extensive interaction with the issuers, rating agencies, bond insurers, financial advisors, and counsel.  Her perspectives on credit influenced decisions on underwriting and trading both on the broker-dealer side and on the asset management side.  Prior to joining Goldman she worked at Lehman Brothers and for the New York City Comptroller. 

She is currently a member of the Metropolitan Transportation Authority Inspector General Management Advisory Board and has also served as a Board Member of the New York City Municipal Water Finance Authority.  Judy is the Chair of the Cornell Alumnae Council, and is on the executive committee of Met Council on Jewish Poverty. 

Judy received her B.S. from Cornell University, and an M.P.A. from New York University.