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With more than 250 employees around the world, support for local communities is central to our mission and core to our values. Ever since 1982 when Garrett Thornburg founded our company, we have strived to enrich people’s lives and make a difference in our community through a culture of giving and volunteerism. Thornburg Investment Management and Thornburg Foundation are proud to support Albuquerque Business First’s 2021 Philanthropy Summit & Awards, honoring nonprofit organizations that have pivoted to meet our community’s needs during the Covid-19 pandemic.
Thornburg Portfolio Managers Jeff Klingelhofer and Lon Erickson spoke with the Wall Street Transcript about Limited Term Income and Strategic Income. The Q&A is in depth, covering lots of ground such as the funds' objectives; Jeff, Lon, and the team's strategy during the recent recession; and the long-term outcomes they aim to generate for clients.
David Ashley shared his view about the ongoing saga affecting Puerto Rico's debt. He's taking a wait and see approach: "This is a near-term headline - we don't know how it's going to play out over the next one, two or five years," he said. "You've made the sales tax folks fairly happy, you still haven't addressed the other part of the debt waterfall."
Lon Erickson talks about a wait-and-see approach, only he's referring to the Fed. "There was a lot of joy taken from the Fed reversing course and going to a more pronounced wait-and-see approach to raising rates," he said. "I don't know that we'll see same pace of tightening we had in January. There are several risks out there relative to what could happen for credit - I could see us hanging in here at the recent tights, or squeeze in a few more basis points out of it."

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