Muni Junk Bond King John Miller to Retire

Rising rates, waning investor appetites have left muni funds full of low-yield bonds

John Miller joined Nuveen in 1996 and soon was running its main fund for muni junk bonds. Taylor Glascock for The Wall Street Journal

Nuveen municipal-bond chief John Miller, who helped transform the Chicago-based investment firm into the nation’s top manager of junk-rated state and local debt, will retire June 1.  

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