Tower Bay Asset Management Lp

Tower Bay Asset Management LP, established in September 2021, offers investment management services primarily focusing on fixed income securities such as municipal and corporate bonds. The firm manages $492,379,997 in regulatory assets under management as of February 28, 2025. Tower Bay provides services to onshore and offshore pooled investment vehicles, private funds, and managed accounts. The firm charges a management fee of 1.50% annually for the Municipal Bond Fund, with reductions for larger balances. Tower Bay does not accept compensation for the sale of securities and fees for Managed Accounts are negotiated case-by-case. Tower Bay acts as a fiduciary, offering both discretionary and non-discretionary investment services tailored to client objectives. The firm's investment strategies focus on credit investing in municipal bond markets, employing active trading and relative value strategies. Tower Bay integrates Environmental, Social, and Governance (ESG) factors into its investment analysis. The firm's code of ethics ensures compliance with securities laws and addresses conflicts of interest. Tower Bay reviews client accounts regularly, provides monthly reporting, and exercises best execution practices in brokerage. The firm has custody of Private Fund assets and exercises investment discretion for clients. Tower Bay's Proxy Voting Policy guides proxy voting decisions when required. The firm has no financial conditions impairing its ability to meet client commitments.