Perspectives Blog

Catherine Stienstra, Senior Portfolio Manager

Catherine Stienstra is a senior municipal fixed income portfolio manager for Columbia Management. Ms. Stienstra manages the national short municipal bond, the long state municipal bond and AMT-free tax-exempt strategies. She joined the firm in 2007 and has been a member of the investment community since 1988.

Prior to joining the firm, Ms. Stienstra was a portfolio manager for FAF Advisors, Inc. (formerly U.S. Bancorp Asset Management) where she was responsible for managing three state-specific mutual funds and a national short-term municipal fund, in addition to being a co-manager on three closed-end funds. 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.


A port in the storm — Short muni funds can offer refuge in the face of rising rates

Catherine Stienstra, Senior Portfolio Manager | October 2, 2014

Short term munis may make sense in a rising rate environment. They provide attractive yields and investment flexibility vs. cash investments and interest rate protection vs. longer assets. Cash investments have come with considerable opportunity cost in recent years. Co-authored by James Dearborn, Head of Municipal Bond Investments 2014 has offered many investment surprises, perhaps

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