"The opportunity for favorable risk adjusted returns in preferred securities can be quite compelling, especially in light of the global product evolution underway..." - Phil Jacoby, CIO
Spectrum Asset Management is a world-leading manager of preferred securities, with over US$13.4 billion in assets under management as of December 31, 2011. Spectrum was founded in 1987 and has been a wholly owned and independently run affiliate of Principal Global Investors, a member of the Principal Financial Group®, since 2001. Spectrum has a team of seventeen dedicated investment professionals and is based in Stamford, Connecticut.

Spectrum manages portfolios of preferred securities for an international universe of corporate, pension fund, insurance and endowment clients, open-end and closed-end mutual funds domiciled in the United States, Ireland and Japan, and separately managed account programs for high net worth individual investors sponsored by a variety of broker-dealers.

Spectrum has produced a record of strong performance by consistently implementing its fundamental credit-based investment philosophy, leveraging its expertise in capital structure analysis and employing and retaining its experienced team of investment professionals.
Market Commentaries April 5, 2012
Preferred Market Update - 1Q 2012

January 11, 2012
Preferred Market Update - 4Q 2011

December 23, 2011
Rating Agency Revisions Continue

Press Room and Publications May 2, 2012
Spectrum CIO Phil Jacoby speaks about Opportunities in Bank Recapitalization at the Milken Institute Global Conference 2012

January 2012
Bail-in Capital: The New Box, World Academy of Science, Engineering and Technology 61 2012, Manu Krishnan and Phil Jacoby

January 4, 2012
Yields on BofA Trust Preferreds Tempt Investors, Bloomberg