Muni Junk Bond King John Miller to Retire

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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.  

Mr. Miller, 56 years old, distinguished himself as a risk-taker in the sleepy world of municipal bonds. In a market where retirees go to buy stakes in county sewer systems and other safe investments, he helped finance speculative projects such as an alfalfa straw recycling plant and a megamall with an amusement park inside. 

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