General Investing >> Money Manager Interviews >> October 18, 2010

Investing In High Yield Tax-free Bonds – Douglas Revello – David Lerner Assocaites, Inc.

Douglas Revello is the Senior Vice President and Portfolio Fund Manager of Spirit of America High Yield Tax-Free Bond Fund (SOAMX) at David Lerner Associates, Inc (DLA). He is primarily responsible for the day-to-day management of the high-yield bond fund. Mr. Revello started working at DLA in 1988 as an Assistant Municipal Bond Trader and was soon promoted to Municipal Bond Underwriter. In that role, he led DLA to obtain syndicate membership and manager status for numerous municipal issuers by successfully spearheading the development of DLA's syndicate department and increasing DLA's municipal underwriting presence. In 2007, Mr. Revello was promoted to Senior Vice President at DLA. He received a Master of Business Administration degree from Dowling College. Prior associations include J.P. Morgan and Drexel, Burnham & Lambert. Profile
TWST: Doug, would you tell us what you do at David Lerner Associates and then introduce the Spirit of America High Yield Tax-Free Bond Fund.

Mr. Revello: My career began at David Lerner Associates in