Jeff Klingelhofer, CFA
Co-Head of Investments and Managing Director
Jeff Klingelhofer is co-head of investments for Thornburg Investment Management. He is responsible for driving the investment process at the firm level. Jeff is also a portfolio manager on multiple strategies. He joined the firm in 2010, then was promoted to associate portfolio manager in 2012. In 2015, Jeff was made portfolio manager and managing director.
Jeff earned a BA in economics with a minor in business from the University of California at Irvine, and an MBA from the University of Chicago Booth School of Business in 2010. He is also a CFA charterholder. Prior to joining Thornburg Investment Management, Jeff spent four years with PIMCO, where he was responsible for monitoring portfolio leverage and risk tolerances.
19years in industry
13years at Thornburg
Investments Managed
Insights
Economy
Navigating Recession, the Fed, Inflation and Borrowing
Jeff Klingelhofer discusses when the recession may finally arrive, whether the Fed will tolerate inflation above its 2% target, and that surging government debt.
Markets & Economy
Observations: Relative Value, Resilience, Reaction and Risk
Co-Heads of Investments Ben Kirby and Jeff Klingelhofer discuss opportunities on the front end of the curve, economic surprises, and threats.
Markets & Economy
Observations: Balance Sheets, Market Breadth & U.S. Leadership
Co-Heads of Investments Ben Kirby and Jeff Klingelhofer discuss consumer, corporate and government balance sheets, market breadth and ex-US valuations.
Markets & Economy
Observations: Recession, Rate Hikes and Low Volatility
Co-Heads of Investments Ben Kirby and Jeff Klingelhofer discuss the chance of a recession in the U.S., continued Fed tightening and low volatility.
Markets & Economy
How Much Longer Can the U.S. Avoid a Recession?
Co-Head of Investments Jeff Klingelhofer suggests the stubbornly strong labor market will weaken and tip the U.S. economy into recession. But when?
Fixed Income
The Powerful Pairing of Credit Risk and Interest Rate Risk
Discover the advantages of incorporating credit risk alongside interest rate exposure to achieve better diversification and risk-adjusted returns.
Inflation
Can the Fed Bring Prices Down to Its 2% Target?
Co-Heads of Investments Jeff Klingelhofer and Ben Kirby look at what it will take for the Fed to consider cutting interest rates.
Markets & Economy
Global Market Observations: Is a Recession a Foregone Conclusion?
Co-Heads of Investments Jeff Klingelhofer and Ben Kirby discuss the possibility of a recession in the U.S. and the impact of higher capital costs.
Markets & Economy
Global Markets Observations: Risk Assets Ride Out the Banking Scare
Co-Heads of Investments Jeff Klingelhofer and Ben Kirby discuss market resiliency through the banking tremors and where valuations appear attractive.
Fixed Income
Yield Is Back! But Inflation May Prove Sticky for the Fed
Jeff Klingelhofer, Co-Head of Investments & Managing Director, argues that caution is needed as the Fed wrestles "bad" inflation down to a comfortable level.