Clinton Investment Management LLC

What Clinton Investment Management LLC does

Clinton Investment Management LLC (CIM) is an SEC-registered investment advisor founded in 2007 by Andrew Clinton and headquartered in Stamford, Connecticut. The firm specializes in active management of municipal bond strategies for institutional investors, financial advisors (RIAs), high-net-worth and ultra-high-net-worth individuals, with a stated focus on delivering tax-free income, tax alpha through active loss harvesting, and risk-adjusted total returns. CIM runs four primary municipal bond strategies (Municipal Credit Opportunities, Municipal Market Duration, Municipal Short Duration, and Taxable Market Duration) and subadvises a series of municipal bond mutual funds for MassMutual Funds, including three open-end funds launched in 2024. Distribution is multi-channel: SMA platform relationships (most notably Morgan Stanley, covering 16,000+ advisors), MassMutual subadvisory, direct advisor relationships, and a client portal.

The firm's investment process is dynamic and research-driven, combining macroeconomic analysis, proprietary credit research on state and local governments (including general fund balances and rainy-day fund positions), yield curve positioning, and tactical allocation across duration and credit quality to exploit municipal market inefficiencies. CIM is GIPS-compliant, has received PSN Top Guns designations from Informa Financial Intelligence in 2022 and 2023, and executes an active thought-leadership marketing program via Bloomberg, Barron's, NewsNation, and Bloomberg Intelligence's FICC Focus podcast. The firm is privately held, employee-owned, and currently operates with 1-10 employees. CIM generated over $900 million in net investor inflows in 2023 — described as its strongest growth year since founding — and continues to expand through new platform mandates and senior hires in research, legal, and business development.

Revenue is generated exclusively through investment advisory fees (asset-based, deducted from client accounts) on AUM in separately managed accounts and in subadvised mutual fund vehicles; specific AUM, revenue, and pricing are not publicly disclosed and are referenced only in the firm's Form ADV Part 2A.

Name

Clinton Investment Management LLC

Legal name

Clinton Investment Management, LLC

Website

https://clintoninvestment.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

Clinton Investment Management LLC is an SEC-registered investment advisor founded in 2007 in Stamford, Connecticut that actively manages municipal bond strategies for institutional investors, financial advisors, and high-net-worth individuals, distributing through SMA platforms and MassMutual subadvisory relationships.

Ownership category

akta.pro rank

Product category

Municipal Bond Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Institutional Separate Accounts & SMAs (Mandates) (FSAAAGAL)

akta.pro secondary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Municipal bond management
• Fixed income strategies
• Actively managed bonds
• Tax-exempt investments
• Investment advisory services

Headquarters

HQ city

Stamford

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Investment Advisory Fees: Clinton Investment Management operates as an SEC registered investment advisor generating revenue through investment management fees charged on assets under management (AUM). Fees are calculated as a percentage of AUM and deducted from client accounts. The firm's Form ADV Part 2A disclosure statement details advisory services and fees.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Clinton Investment Management LLC is an institutional municipal bond manager that delivers actively managed fixed income investment strategies through separately managed accounts (SMAs) and subadvised mutual funds. The firm specializes in tactical positioning across duration, credit quality, and geography to maximize tax-free income and risk-adjusted returns for institutional investors, financial advisors, and high-net-worth individuals. Core capabilities include active tax-loss harvesting to generate tax alpha and proprietary fundamental credit research on municipal issuers.

Product overview

Clinton Investment Management is an institutional municipal bond manager offering a suite of actively managed fixed income strategies. The firm's product lineup consists of five distinct investment strategies: Municipal Credit Opportunities (credit-driven, tax-free income), Municipal Market Duration (tactical total return), Municipal Short Duration (principal preservation), Taxable Market Duration (income maximization), and MassMutual Mutual Funds (subadvised products). The firm specializes in tactical, actively-managed municipal bond strategies delivered through separate managed accounts, with the MassMutual partnership expanding distribution through open-end mutual funds.

Differentiator

Problem solved

Functional benefit

Products and services

• Municipal Credit Opportunities Strategy An actively managed municipal bond strategy focused on maximizing tax-free cash flow through credit-driven security selection, with geographic diversification. Designed for investors seeking higher risk-adjusted returns from credit opportunities in the municipal market.
• Municipal Market Duration Strategy A total-return-driven municipal bond strategy with tactical duration management designed to maximize after-tax and tax-free income, with geographic diversification. Built for investors seeking active total-return municipal bond exposure.
• Municipal Short Duration Strategy

Quantifiable outcome

• Municipal Credit Opportunities strategy: Since Inception Return of 3.02% (as of 5/31/2026), PSN Rating (2Q 2023)
• +8 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• MassMutual Investments / MassMutual FundscoreChannel Partner/ Reseller/ Distributor · 13 February 2023MassMutual Investments selected Clinton Investment Management to sub-advise three new open-end municipal bond funds (Short Duration, Market Duration, and Credit Opportunities strategies). The firm also subadvises an existing series of mutual funds for MassMutual Funds. This subadvisory relationship represents a significant distribution partnership for the firm's strategies.
• Morgan StanleycoreChannel Partner/ Reseller/ Distributor · 27 July 2022Clinton Investment Management launched its strategies on the Morgan Stanley platform, making them available to over 16,000 Morgan Stanley financial advisors and their clients. This platform distribution provides significant reach into the high-net-worth and institutional investor segments.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• GW&K Investment Management: Boutique fixed-income specialist with a long-running, municipally focused strategy stack including short-duration and core municipal bond strategies distributed via SMA platforms and mutual funds. Comparable to CIM as a small, performance-led, muni-centric active manager targeting financial advisors and HNW clients.
• Insight Investment: Established fixed-income manager with US municipal bond capabilities and active SMA-style offerings for institutional and advisor channels. Comparable to CIM in delivering active, research-driven fixed income strategies through separate accounts and similar distribution routes.
• AJO Vista: Specialist active fixed-income manager with a municipal-bond heritage and SMA-oriented distribution. Directly comparable as a similarly sized, performance-credentialed muni-active boutique serving advisors and HNW investors.

Broad incumbents

• Eaton Vance (Morgan Stanley): Large incumbent with one of the industry's longest-running municipal bond franchises, deeply embedded across advisor platforms and now part of Morgan Stanley's distribution. Overlaps with CIM's muni SMA and tax-aware product positioning but at much greater scale.
• Nuveen: Tier-1 fixed-income and muni market leader offering active municipal bond strategies across SMAs, mutual funds, and closed-end funds. Comparable as a full-stack muni/fixed-income competitor with broad distribution and institutional credibility.
• Western Asset Management: Major fixed-income incumbent with a sizable municipal bond practice and active, research-driven style analogous to CIM's, though at vastly larger AUM and operating scale.
• DoubleLine Capital: Active fixed-income manager with municipal bond and SMA platform offerings, comparable active style to CIM but with broader product breadth (multi-sector, mortgage credit, etc.).
• AllianceBernstein: Large global asset manager with a long-standing municipal bond and SMA business, comparable offering mix to CIM and similar advisor/institutional distribution approach.
• BlackRock: World's largest asset manager with significant municipal bond SMA, ETF and mutual fund capabilities; competes head-on with CIM for HNW and advisor muni allocations, including within Morgan Stanley.
• Vanguard (municipal bond ETFs): Largest passive and active muni provider, anchored by low-cost municipal bond ETFs and funds; competes for the same HNW/advisor tax-exempt allocation dollars, but its passive orientation makes it a different strategic category than CIM's active tax-alpha pitch.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/clinton-investment-management-llc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Clinton Investment Management LLC