Pat Haskell's key challenge is reversing severe outflows from actively managed mutual funds.
Market-wide, high-yield muni funds have gained $5.7 billion this year.
Patrick Haskell, a former co-head of fixed income capital markets at Morgan Stanley, has taken over.
The city is facing an estimated $880 million in unpaid taxes this year.
Each year, billions of dollars in high-risk projects are financed with little vetting or government oversight.
The November winning streak will be tested this year if the economy defies expectations and strengthens.
Higher premiums could intensify the exodus from the Golden State, S&P says.
The gains left state pensions with assets sufficient to cover 78.2% of promised benefits as of June 30.
The city's system for calculating real estate valuations helps soften the impact of high office vacancies.
The lawsuit emerges as Republican politicians across the U.S. criticize environmental, social and governance investing.
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