Thornburg’s team brings holistic expertise across geographies, sectors and asset classes to the investment process. It is an iterative approach, where continual and open communication among portfolio managers and research is expected. This is how ideas evolve into investment theses and where validation begins to uncover investment truth. We employ a full complement of fundamental analysis and other proprietary research techniques to evaluate an individual investment. Each idea is debated from multiple viewpoints and where it sits in a complex and interconnected global market. A high-conviction position is a decision we make together.

Risk management is a multi-faceted question. We look across the functions of our firm on a systematic basis to ensure that our investment process, trade functions, accounting and reporting protocols, and operations and technology integrate high standards of risk management.

Within our portfolios, risk is managed through a combination of qualitative portfolio manager peer review and quantitative techniques, providing robust data on factor exposures, credit, interest rates and volatility metrics. Investment risk is analyzed through intensive, bottom-up fundamental analysis and valuation for individual investments.