Aquila announces future portfolio manager retirement, and new member of investment management team
Aquila Investment Management LLC (“AIM”), Advisor and Administrator to Aquila Group of Funds, announces the future retirement of Aquila Tax-Free Trust of Arizona (“ATFTA”) lead portfolio manager, Todd Curtis, and welcomes Anthony (Tony) Tanner as a new member of its portfolio management team.
Mr. Curtis became an employee of AIM and Senior Vice President/Portfolio Manager of ATFTA in 2004, and was previously an employee of the Fund’s former sub-adviser and its predecessors, where he served as portfolio manager of ATFTA since its inception in 1986. Based in Phoenix, Arizona, Mr. Curtis serves as the ATFTA lead portfolio manager. He also serves as a member of the portfolio management teams of Aquila Churchill Tax-Free Fund of Kentucky and Aquila Tax-Free Fund For Utah.
Though Mr. Curtis will not officially retire from his position as portfolio manager until April 30, 2018, AIM has added a new portfolio manager to its portfolio management team in order to facilitate continuity of management and a smooth transition, in conjunction with other members of the portfolio management team. After his April 30, 2018 retirement, Mr. Curtis will continue in a consultant role with AIM.
Tony Tanner, based in Phoenix, Arizona, joined the Aquila Investment Management LLC portfolio management team on March 7, 2018. In addition to being a member of the portfolio management team for ATFTA, Mr. Tanner has joined Mr. Curtis, JT Thompson and Royden Durham as a member of the portfolio management teams of Aquila Tax-Free Fund For Utah and Aquila Churchill Tax-Free Fund of Kentucky. Upon Mr. Curtis’s retirement, Mr. Tanner will serve as lead portfolio manager of ATFTA. The investment objective and principal investment strategy of the Fund will remain unchanged.
Mr. Tanner is a 30-year veteran of financial services with over 20 years of buy-side industry experience managing fixed income and multi-asset class portfolios for mutual funds, institutions, and ultra-high net worth clients. He comes to AIM from BNY Mellon Wealth Management, where he was a Senior Portfolio Manager, serving high net worth families and institutions across Arizona.
Over the last 15 years, Mr. Tanner has worked in the Arizona wealth community. This experience included establishing an investment advisory firm that provided dedicated fixed income portfolio management for clients in Arizona, New York, and California. He also served as Director of Fixed Income for a Scottsdale investment advisory firm. He then joined Wells Fargo Private Bank in 2010 as part of its National Fixed Income Strategies Team, where he managed fixed income and multi-asset class portfolios for their larger clients in Arizona, Southern California, and Nevada, and he served on the Global Fixed Income Council where he helped lead their tax-exempt strategy efforts until 2014.
Before relocating to Arizona, Mr. Tanner helped lead the Rochester Division of OppenheimerFunds from 1991-2003, as co-manager of their flagship municipal bond product line, during which time assets grew from $300 million to over $12 billion. He also directed the research efforts of the closely-held mutual fund complex through its acquisition by OppenheimerFunds.
Mr. Tanner received an MBA in finance from the University of Rochester, Simon Business School, and a Bachelor’s degree in business from St. Louis University. He is a CFA Charterholder and a member of the CFA Institute and the Phoenix CFA Society. He also serves on the Finance and Investment Committee of the Catholic Community Foundation, Phoenix Diocese.