James T. Cavanaugh III began his career as a bond analyst at Alex. Brown & Sons in 1961. As a partner, he formed the firm’s public finance department in 1971 and remained its head until retirement in 1990. James M. Dugan, CFA, began his investment career as a bond analyst at USF&G for tax-exempt and taxable bond portfolios. In 1987, he was named Senior Investment Officer with responsibility for trading and managing over $1 billion in municipal securities.

Over the past four decades, Jim Cavanaugh and Jim Dugan have built a wealth of knowledge in public finance arena, and they have successfully shared this expertise with the Cavanaugh Capital Management (CCM) team. As a result, CCM is able to effectively provide advice to clients on those financial issues that are central to successful operation of public authorities. Specifically, CCM guides public authority clients in subject matter pertaining to capital improvement programs, funding options, and the issuance of tax-exempt debt. All of this advice is provided as an added value service for fixed income portfolio management.