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Christian Hoffmann, CFA

Head of Fixed Income and Managing Director

Christian Hoffmann is head of fixed income and a portfolio manager for Thornburg Investment Management. He joined the firm in 2012 as a fixed income analyst and was promoted to associate portfolio manager in 2014. Christian was named a managing director in 2017, was promoted to portfolio manager in 2018, and to head of fixed income in 2024.

Prior to joining Thornburg, Christian served as a senior credit analyst with H.I.G. Capital in Miami, Florida, where he specialized in distressed debt investments and credit driven special situations. He began his career in the investment banking division of Lehman Brothers and later spent several years working on the high yield research desk at the firm. Christian holds a bachelor’s degree in economics from New York University. He is also a CFA charterholder.

22years in industry
14years at Thornburg

Investments Managed

Insights

Economy

Finding Opportunity Amid Imbalance: 2026 Market Outlook

Entering 2026, markets appear imbalanced, with equity returns becoming increasingly concentrated, while fixed income offers asymmetric outcomes with limited downside protection. Opportunity still exists, just not where it’s most crowded. In 30 minutes, we cut through the noise and focus on what’s working, what’s changing, and where to position client portfolios now.
Monetary & Fiscal Policy

Will the Real Kevin Warsh Please Stand Up?

Short‑term calm may lead to long‑term volatility: A seeming hawk‑turned‑dove now confronts a labor market and inflation backdrop that remain far from ideal.
Outlook

2026 Fixed Income Outlook: Uncertainty Is High, but the Margin for Error Isn’t

With credit priced for perfection, 2026 favors nimbleness and thoughtful portfolio construction, emphasizing security‑level analysis and targeted opportunities across fixed income.
Economy

Finding Opportunity Amid Imbalance: 2026 Market Outlook

Hear our 30‑minute 2026 Market Outlook webcast where we cut through noise to find opportunity amid imbalance.
Image of a metal mesh framework artistically warped into a honeycomb walkway in the city to describe Outlook 2023
Markets & Economy

FOMC Update: Rates Lowered for the First Time Since 2024

Christian Hoffmann shares his perspective on the Fed’s stance and the potential impact of monetary policy.
Man looks out at a beautiful view from a conference room
Markets & Economy

FOMC Update: Fiscal Challenges Taking a Back Seat to Geopolitical Risks

Christian Hoffmann, CFA, Head of Fixed Income, shares his perspective on the Fed’s stance and the potential impact of monetary policy.
Electric blast of white smoke and sparks with lightning on a blue background.
Fixed Income

The Next Market Shock? Key Risk Factors Investors Must Watch

From China’s slowdown to trade tensions and AI speculation, discover the top risks shaping global markets in 2025 and how investors can prepare for potential disruptions.
From the bottom of the staircase, the spiral staircase.
Outlook

Fixed Income in Focus—Yield Potential Amid Narrow Spreads

With spreads at historic lows and yields at highs, fixed income markets present a rare dichotomy. Uncover insights and risks for 2025.
The United States Treasury Department in Washington D.C.
Fixed Income

The Decline of US Treasuries? What Treasury Auctions Reveal

Despite the perceived weakness, we believe there are three critical indicators that reveal the strength of investor demand for U.S. government debt.
Cut to the Chase webcast

Cut to the Chase: Seizing Fixed Income Opportunities

The Fed looks set to cut interest rates this week, prompting a re-evaluation of fixed income strategies. There are strategies and opportunities in fixed income to exploit.