PRNewswire/ -- Thornburg Investment Management, Inc. ('Thornburg'), a global investment firm that oversees $46 billion in client assets, has made significant moves to enhance its leadership team and product offerings. The firm named Billy Rogers as chief operating officer and Jodan Ledford as head of Institutional. Additionally, Matt Burdett has been named head of equities, and Christian Hoffmann has been appointed head of fixed income.
Thornburg Investment Management has appointed Richard Kuhn as Head of product and Jonathan Schuman as Head of International to boost the company's growth and expand its reach in the market. These strategic appointments aim to strengthen Thornburg's position as a leading investment management firm.
The NAV of Thornburg Global Opportunities Fund I shares increased by +$1.95 per share during Q3 2024, reflecting the firm's commitment to delivering value to investors. This growth demonstrates Thornburg's expertise in navigating the ever-changing global market landscape.
Thornburg's Limited Term Income Fund (UCITS) aims to provide investors with a high level of current income while prioritizing safety. The fund's focus on income generation aligns with Thornburg's goal of meeting the diverse needs of its clients.
Thornburg Income Builder Opportunities Trust (NASDAQ: TBLD) has announced a monthly distribution of $0.10417 per share on its common shares, payable in October. This distribution reaffirms Thornburg's dedication to delivering consistent returns to its shareholders.
Both Thornburg Investment Management and Parnassus Investments have applied for their first-ever ETFs, signaling a new direction for the firms. This move reflects the evolving investment landscape and demonstrates Thornburg's commitment to innovation and growth.
Fundraising, dealmaking, and exit values all saw steep declines in 2023 due to high interest rates and economic volatility. Thornburg's strategic leadership appointments and product expansions position the firm to navigate these challenges and continue delivering value to its clients.
