About Saber Partners


Saber Partners, LLC is a full-service financial advisory firm for corporate and public sector entities.

We pride ourselves on our independence and an unwavering commitment to achieve maximum benefits for our clients under diverse circumstances.

Saber Partners has earned a reputation for innovation, integrity and excellence.

From advising the SEC on the auction securities market, to uncovering the disparity in lending practices for municipal vs. investor-owned utilities, to developing innovative low-cost financing for utility infrastructure and environmental projects through securitization, Saber Partners is on the forefront for increased transparency and fairness in the market. Saber Partners helps make markets work efficiently and effectively.

We invite you to review our white papers and recent press interviews, and to call us for further information on how Saber Partners can benefit you.
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Special Topics: In-depth Information
and Analysis




Auction Rate Securities ("ARS")
Problems and Solutions



ROC Bonds: Lowering the Cost
of Capital for Utilities and the Cost of Power for Consumers




Saber Partners Recent Developments

Saber Partners Recent Developments



States Planning to Review ARS Buy-Backs
The Bond Buyer, January 26, 2010
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Pollution Bonds Signal Funding for $50 Billion Utility Cleanup
Bloomberg News, December 16, 2009
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Agency Seeks ARS Exchange
The Bond Buyer, November 16, 2009
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Fichera Proposes Independent Staff for Corporate Boards: Discusses Reforms for Municipal Market
Bloomberg News, November 13, 2009
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Securitizing Green Investments
Public Utilities Fortnightly, October 07, 2009
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Utility Snubbed by Banks Shows States Pay Too Much
Bloomberg News, September 23, 2009
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Allegheny Energy and Customer Groups Unanimously Propose Retaining Independent Financial Advisor to Public Service Commission of West Virginia for New Environmental Bond Offering - Saber Partners LLC Chosen to Repeat Role from 2007 Bond Offering
Press Release, September 10, 2009
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Utility Issues Face Marketing Hurdle
Asset-Backed Alert, August 7, 2009
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Municipal Services Rulelmaking Board ("MSRB") Files Disclosure Proposals
The Bond Buyer, July 15, 2009
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Big banks to stop accepting California IOUs
CNN Money, July 9, 2009
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Saber's Fichera Discusses Corporate and Municipal Lending Markets
Bloomberg News, June 1, 2009
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Municipal vs Corporate Utilities
Gold Sheets, A Thomson Reuters LPC Publication,
June 8, 2009
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Call Options for BABs: Yea or Nay?
The Bond Buyer, May 6, 2009
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Fichera of Saber Partners Says Perhaps the Variable Rate Market "Should Shrink on the Municipal Finance Side"
DerivActiv MuniMarket Pulse, April 22, 2009
Executive Summary Part I
Listen to Podcast Part I

Fichera of Saber Partners Suggests Creating a National "Municipal Exchange" to Increase Liquidity in Market
DerivActiv MuniMarket Pulse,
April 23, 2009
Executive Summary Part II
Listen to Podcast Part II

Interview Auctions 2008
Bloomberg Radio, April 25, 2008

University of Virginia Suffers Too Little Credit With New Bonds
Bloomberg News, April 21, 2009
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MUNI WATCH: Swaps Backfire On Municipal Finance Officers
Dow Jones Newswires, April 8, 2009
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VRDNs May Not Be Viable: Bernanke
The Bond Buyer, April 6, 2009
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Corporate-Style Muni Liquidity? Calif. Issuers Seek Lower Costs, Risk
The Bond Buyer, March 27, 2009
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$135b Still Frozen by an Early '08 Debacle: Later Events Eclipsed the Auction-Rate Mess
The Boston Globe, December 31, 2008
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Looming Threats in the Public Finance Arena
Princeton University, November 7, 2008
Moderator and Speaker: Joseph Fichera, Saber Partners CEO
Panelists: Nancy Feldman, Jack Kraft, Christopher Taylor
Watch Video

UBS to Pay $19 Billion As Auction Mess Hits Wall Street
The Wall Street Journal, August 9, 2008
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Saber's Fichera Sees More Settlements After Citigroup: Video
Bloomberg News, August 7, 2008
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Can ARS Issues Be Fixed? Fichera Urges MSRB Not to Let Market Languish
Bond Buyer, July 10, 2008
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Wall Street's Customer's Man Fichera Unmasked Auction-Rate Debt in 1980's
Bloomberg News, May 30, 2008
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The Sad Story of Auction-Rate Securities
Barron's, May 28, 2008
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CEO Spotlight: Fichera of Saber Says Tax System Needs Restructuring
Bloomberg News, May 8, 2008
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How to Clear a Road to Redemption
The New York Times, May 4, 2008
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It’s a Long, Cold, Cashless Siege
The New York Times, April 13, 2008
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Muni Regulator Plans Improved Auction-Rate Disclosure
Bloomberg News, March 17, 2008
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Fichera of Saber Says Municipals Need More Transparency
Bloomberg News, February 15, 2008
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Levitt Says Asset-Backed Bonds Need Better Disclosure
Bloomberg News, November 5, 2007
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Ex-SEC Chairman Arthur Levitt, Saber CEO Joseph Fichera, Top Regulators and Industry Representatives Discuss:
"Should Corporate Bond Pricing Transparency Be Applied to the Mortgage-backed and Asset-backed Markets?"

November 4, 2007
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