Nancy Angell headshot

GW&K Investment Management Announces Retirement of Senior Fixed Income Investment Professional

BOSTON, MA – January 31, 2023 – GW&K Investment Management (GW&K), an entrepreneurial-driven investment management firm offering active equity and fixed-income investment solutions to meet the needs of a diverse client base, today announced that Nancy G. Angell, Partner and Co-Director of Fixed Income investments at the firm, will retire at year end.

“For 39 years, Nancy has been an integral member of the firm,” said Tom Powers, Co-CEO of GW&K. “Her investment expertise, steady leadership and dedication to clients has helped shape the municipal bond team and investment process at GW&K. There is no doubt that her many contributions to the firm have made an impact that will last for years to come. Nancy will always be a part of GW&K and we are pleased that she will remain with the firm through 2023.”

Angell has dedicated her entire career at GW&K to helping build and grow the firm’s municipal bond capabilities and relationships. She became a member of the firm’s municipal bond team in 1984 after graduating with a Bachelor of Arts degree in Economics from Duke University. Angell was promoted to Portfolio Manager and Partner in 1989.

In 2001, Angell and John Fox were appointed Co-Directors of Fixed Income. In this role, she has shared overall responsibility for the management of fixed income assets, including portfolio management, research, and trading. Angell is also a member of the firm’s Management and Investment Committees.

Angell will continue to work with the municipal bond investment team through December 2023. The team is comprised of 16 seasoned investment professionals averaging 22 years experience and 17 years with GW&K. Of the firm’s nearly $47 billion in equity and fixed income assets under management (as of 12/31/2022), $30 billion are invested in municipal bond assets.

Angell earned her MBA with high honors in Finance from Boston University. She is a CFA® charterholder and is a member of the CFA Institute, the CFA Society Boston, the Boston Municipal Analysts Forum, and the National Federation of Municipal Analysts.

About GW&K Investment Management

GW&K was founded in 1974 to offer innovative investment solutions consistent with its clients’ objectives. Through the years, the firm has successfully introduced a range of equity and fixed income strategies, all of which are actively managed, research-driven and guided by a clear and disciplined investment process. Today, GW&K manages 32 distinct strategies for a diverse client base, including individuals, corporations, public funds, endowments, foundations, and financial institutions. As of December 30, 2022, GW&K had $46.8 billion in assets under management.


Bond Buyer – Kara South Quoted

Municipal Bond | Press Mention

Municipal Bond Portfolio Manager Kara South, CFA was quoted in a Bond Buyer article, entitled, “Munis weaker as investors digest larger supply, economic data, Fitch downgrade.” Read Article Here By clicking on any of the links you will be redirected to an external site. These links are provided for informational purposes only; they do not constitute

Read Article

Major Cities Expected to Manage Commercial Real Estate Weakness

Municipal Bond | Market Commentary

Municipal Credit Perspectives — 2Q 2023 The widespread adoption of remote and hybrid work models across the US presents tremendous challenges for the office space market. Over the near term, a combination of soft demand, elevated vacancy rates (Chart 1), and dropping market prices are expected to lower assessed valuations and associated property tax revenues. While

Read Article

GW&K Municipal Bond Strategies Commentary – 2Q 2023

Municipal Bond | Market Commentary

Municipal bonds posted modest losses in the second quarter, following the lead of a Treasury market that finally stopped fighting the Fed. Coming into April, investors were confident that the central bank would be forced to reverse its tightening campaign before year end. But that conviction didn’t last. Economic data stood firm against the torrent

Read Article

Stay Updated & Informed with GW&K

GW&K's CIO and Portfolio Managers share their insights and opinions on the economy and market each quarter.

  • This field is for validation purposes and should be left unchanged.