General Investing >> Money Manager Interviews >> August 12, 2016

Viewing Income as the Key Driver of Total Returns

Gizzi, Gregory A.
Gregory A. Gizzi is Senior Vice President and Senior Portfolio Manager of Delaware Investments. Mr. Gizzi is a member of the Delaware Investments’ municipal fixed income portfolio management team. He is also a co-portfolio manager of the firm’s municipal bond funds and several client accounts. Before joining Delaware Investments in January 2008 as Head of Municipal Bond Trading, he spent six years as a vice president at Lehman Brothers for the firm’s tax-exempt institutional sales effort. Prior to that, he spent two years trading corporate bonds for UBS before joining Lehman Brothers in a sales capacity. Mr. Gizzi has more than 20 years of trading experience in the municipal securities industry, beginning at Kidder Peabody in 1984, where he started as a municipal bond trader and worked his way up to Institutional Block Trading Desk Manager. He later worked in the same capacity at Dillon Read. Mr. Gizzi earned his bachelor’s degree in economics from Harvard University. Profile
TWST: So how is the municipal market performing, and how does it compare to expectations?

Mr. Gizzi: We entered 2016 with relatively modest return expectations.