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Thornburg selected by Australia’s Perpetual for fixed income strategy

ThornburgSanta Fe-based Thornburg Investment Management, a global investment firm announced that Perpetual, a diversified financial services company based in Sydney, has made a commitment to its Multisector Opportunistic credit strategy. The strategy is global and income-oriented with a flexible mandate focused on paying an attractive, sustainable yield.

Theo Sofios, Head of multi-manager, Perpetual stated, “We look forward to partnering with Thornburg and accessing their Multisector Opportunistic credit strategy via a separately managed account and their upcoming fund for Perpetual Private’s Implemented Fixed Income Portfolio and Fixed Income Model Portfolios respectively.”

He further enunciated, “Thornburg provides our portfolios with a simplified and transparent exposure to an unconstrained credit strategy.”

The portfolio invests in a combination of income-producing securities with an emphasis on a higher-yielding fixed income. The strategy was incepted in 2008 and is co-managed by Jason BradyJeff KlingelhoferLon Erickson, and Christian Hoffmann.

Jason Brady, President & CEO, Thornburg expressed, “We’re excited to bring our investment solutions to institutions in Australia and begin our first partnership in the country with Perpetual.”

He articulated, “As active managers, we believe our prudent, risk-adjusted approach to portfolio construction in Multisector Opportunistic provides the long-term, steady income that many Australian investors seek.”

Since 2018, Thornburg has partnered with Australian-based Terrain Placement Services to offer investment solutions to Australian super funds and institutional investors.

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