Thornburg and Concord Sign Master Agent Agreement to Distribute Thornburg Funds in Taiwan
Thornburg and Concord Capital Management Corp., a leading pioneer of master agent offshore funds in Taiwan, today announced the signing of a master agent agreement to collaborate on the distribution of Thornburg offshore funds registered for general sale in Taiwan.
SANTA FE, NM and TAIPEI, TAIWAN — August 17, 2021 — Thornburg Investment Management (“Thornburg”), a global investment firm that oversees $49 billion in assets,1 and Concord Capital Management Corp. (“Concord”), a leading pioneer of master agent offshore funds in Taiwan, today announced the signing of a master agent agreement to collaborate on the distribution of Thornburg offshore funds registered for general sale in Taiwan. The master agent agreement is currently pending regulatory approval.
“I am pleased to partner with Thornburg to further our commitment to providing Taiwanese investors with a wide spectrum of offshore funds that meet their individual investment objectives,” said Concord CEO David Lay. “This agreement expands our suite of alliance partners and deepens our solution capabilities.”
In August 2020, Thornburg announced that it had appointed Concord as its private placement agent in Taiwan. Concord helps Thornburg market its global equities and fixed income UCITS funds and separately managed account solutions to institutions and high-net-worth investors in Taiwan.
“We are excited to expand our reach and product offerings in Taiwan with Concord’s partnership,” said Thornburg President and CEO Jason Brady. “The agreement with Concord is consistent with our global distribution growth strategy and our ongoing commitment to expand our presence across Asia.”
Founded in 1982, Thornburg Investment Management is a privately owned global investment firm that offers a range of multi-strategy solutions for institutions and financial advisors. A recognized leader in fixed income, equity and alternatives investing, the firm oversees $49 billion1 as of July 31, 2021 across mutual funds, closed-end funds, institutional accounts, separate accounts for high-net-worth investors and UCITS funds for non-U.S. investors. Thornburg is headquartered in Santa Fe, New Mexico, with additional offices in London, Hong Kong and Shanghai.
At Thornburg, we believe unconstrained investing leads to better outcomes for our clients. Our culture is collaborative, and our investment solutions are highly active, high conviction and benchmark agnostic. When it comes to finding value for our clients, it’s more than what we do, it’s how we do it: how we think, how we invest and how we’re structured.
For more information, visit www.thornburg.com.
Established in 1991, Concord Capital Management Corp. is a pioneer in the introduction and distribution of offshore funds in Taiwan. Concord is a local fund house holding a Securities Investment Consulting Enterprise (SICE) license and is currently appointed as the exclusive master agent for KBI Investors and Carmignac in offering registered offshore funds in Taiwan for retail distribution. Concord is based in Taipei, Taiwan.
Ting (Barry) Huang
Head of Product and Sales
Concord Capital Management Corp.
Tel: +886 2-27560757
Mobile: +886 910-156-597
General Manager, SVP and Partner
Tel: +852 25867877
Mobile: +852 91098121
1 Includes $46.8 billion in assets under management and $1.9 billion in assets under advisement as of July 31, 2021.