Memos

Q1 2024 Memo

2024 Q1 INVESTOR UPDATE While Q1 performance was exceptional across Seabird’s strategies (please see our attached composite performance tear sheet), there were no remarkable events

Read More

Q4 2023 Memo

  2023 ANNUAL INVESTOR UPDATE  Seabird investors enjoyed exceptional returns across all three of our strategies in 2023:  Muni+: 8.85% Income+: 14.82% Equity+: 29.78%  Our long-time clients are

Read More

Q3 2023 Memo

7 YEARS AT SEABIRD SEABIRD MUNI+: +49.3%S&P Muni Bond Index: +0.99% SEABIRD INCOME+: +62.3%Bloomberg Agg Bond: -0.09% When Seabird opened its doors 7 years ago,

Read More

Q2 2023 Memo

FIXED INCOME If you’re looking for cheap entertainment this summer, look no further than the fixed income markets as they spasmodically react to each and

Read More

Q1 2023 Memo

FIXED INCOME Fixed income investing should be a relatively uneventful investment strategy; investors lend money and collect a series of scheduled interest payments until loans

Read More

Q4 2022 Memo

Happy days are here again! Well- that may be a bit of an exaggeration, but the fixed income playing field has certainly grown more attractive than it’s been in decades. Entering 2023…

Read More