Australia's Perpetual selects Thornburg for fixed income strategy
Perpetual, an Australian diversified financial services company, has made a commitment to Thornburg Investment Management's Multisector Opportunistic credit strategy.
"We look forward to partnering with Thornburg and accessing their Multisector Opportunistic credit strategy via a separately managed account and their upcoming fund for Perpetual Private's Implemented Fixed Income Portfolio and Fixed Income Model Portfolios respectively," says Theo Sofios, head of multi-manager for Perpetual. "Thornburg provides our portfolios with a simplified and transparent exposure to an unconstrained credit strategy."
The Multisector Opportunistic strategy is global and income-oriented with a flexible mandate focused on paying an attractive, sustainable yield. The portfolio invests in a combination of income-producing securities with an emphasis on higher-yielding fixed income. The strategy was incepted in 2008 and is co-managed by Jason Brady, Jeff Klingelhofer, Lon Erickson, and Christian Hoffmann.
"We're excited to bring our investment solutions to institutions in Australia and begin our first partnership in the country with Perpetual," says Thornburg President and CEO Jason Brady. "As active managers, we believe our prudent, risk-adjusted approach to portfolio construction in Multisector Opportunistic provides the long-term, steady income that many Australian investors seek."
Since 2018, Thornburg has partnered with Australian-based Terrain Placement Services to offer investment solutions to Australian super funds and institutional investors.