John M.
Murphy
99 Hawthorne Village Road « Nashua, NH «
OBJECTIVE
To obtain a Utility Board position that fully utilizes my knowledge and experience of municipal and publically owned
utilities.
EXPERIENCE
Fidelity Investments, Merrimack NH Senior Research Analyst (2005-Present)
Research
cd
Provide the municipal group detailed credit analysis of all investment grade and high yield names in the
Water & Sewer, Public Power, Electric Co-op, and Environmental Services sectors, which includes Project
Debt and all Corporate-Backed tax-exempt debt
Convey operational knowledge of all types of utilities and governance to investment team
Enthusiastically lead credit investment idea generation for assigned sectors in both the bond and money
market space
Deliver timely analysis of the Corporate Environmental Waste Sector, including Waste Management ,
Republic Services, Covanta and Wheelabrator, working in partnership with high yield and equity
counterparts
Lead Distressed Credit Team, Detroit and Puerto Rico
Responsible for in-depth modeling and monitoring of all issuers via customized financial models and
daily surveillance of credits using Feedly and other proprietary web surveillance tools
Present semi-annual sector updates to both bond and money market groups and establish buy and sell
recommendations based on macro and issuer level factors
Engage tax-backed analysts daily on interrelated credits
Actively manage 2a-7 money market exposures and annual approvals for 82 municipal issuers
Analyze all structural and legal aspects of Industrial Development, Pollution Control and Solid Waste
bonds for our bond and money market groups
Collaborate with corporate, high yield and equity utility analysts on company and sector reviews
Act as liaison with our corporate group to provide seamless coverage and introduce investment ideas to
our municipal bond and money market groups
Cultivate and maintain key issuer, rating agency and sell-side relationships
Portfolio and Markets
.
Le
E 4
Work extensively with portfolio managers and traders to uncover relative value trade ideas in assigned
sectors
Track the daily trading of top 25 holdings
Review over-weights and under-weights with portfolio managers on a periodic basis
Provide the investment team semi-annual updates of top trade ideas and exposures
adership
Lead the Utility Team in the development of industry and security level analysis
Established and lead our BAB’s team, which is responsible for, trade idea generation across all sectors,
surveillance of market fundamentals and coordination of the municipal research staff
Represent the Revenue Team that updates senior management of issues affecting research in the
municipal money markets
Work closely with our quantitative analyst to spearhead cur Refunding Strategies Team, which is
responsible for trade idea generation, security selection and specialized tool development regarding
potential alpha generating refunding opportunities
Energetically involved in the recruiting and hiring of key employees and the training and mentoring of
municipal and taxable research associates as well as junior traders
Organize quarterly credit trips with Portfolio Managers and Traders
Presented at numerous investment seminars for consultants and industry conferences, such as; NFMA,
NYMWFA, Manhattan Institute, Large Public Power Council, Bond Buyer, Southern Municipal Finance
Association, MEAG and AMP Partners Annual! Meetings as well as American Public Power Association
conferences
