Perspectives Blog

Catherine Stienstra, Senior Portfolio Manager

Catherine Stienstra is a senior municipal fixed-income portfolio manager for Columbia Management Investment Advisers, LLC. Ms. Stienstra manages the national short municipal bond portfolios, the long state municipal bond strategies and the AMT-Free tax-exempt strategy. She joined the firm in 2007 as sector leader for the municipal bond team and has been a member of the investment community since 1988.

Prior to joining Columbia Management, Ms. Stienstra was a portfolio manager with FAF Advisors, Inc. (formerly U.S. Bancorp Asset Management) where she was responsible for three state-specific mutual funds and a national short-term municipal fund. During her 17-year tenure with FAF Advisors she was instrumental in developing a tax-exempt custom cash product and led development and marketing efforts for new products as the portfolio manager. Her experience also includes managing the tax-exempt fixed income trading operations at FAF.

Ms. Stienstra earned a B.A. in international studies from the University of Nebraska.

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Don’t throw the baby out with the bath water – The case for long muni bond funds

Catherine Stienstra, Senior Portfolio Manager | January 29, 2014

Why invest in long-term muni bonds? Why investors should focus on tax-free income and total return Many investors fled the muni market in 2013, as $60 billion in mutual fund redemptions attests. Particularly hard hit were longer-maturity funds, likely due to investors anticipating higher interest rates and the negative impact that would have on fixed-income