Thornburg appoints Municipal Bond Portfolio Manager
Thornburg Investment Management (Thornburg), a global investment firm that oversees USD47 billion in assets, has appointed John Bonnell, CFA, as portfolio manager and managing director of the firm's municipal bond team.
Bonnell, who reports to Co-Heads of Investments Jeff Klingelhofer, CFA, and Ben Kirby, CFA, will join Eve Lando and David Ashley, CFA, as a co-manager on seven municipal bond mutual funds as well as institutional strategies and separately managed accounts, collectively totalling USD9.3 billion in client assets. Thornburg oversees USD23 billion in taxable and tax-exempt global fixed income assets.
"We are pleased to welcome John to the Thornburg investment team," says President and CEO Jason Brady. "John is an exceptional talent with a background in credit research stretching over three decades. With a focus on selecting the best relative value ideas, John's investment philosophy aligns with our highly active and fundamental investment approach, making him an outstanding addition to the global fixed income team."
"I am delighted to join Thornburg, an investment-led firm with a nearly forty-year history of municipal bond investing," says Bonnell. "I admire and share the team's holistic perspective to identify opportunities and manage risks for clients, and look forward to collaborating with Eve, Dave, and the entire Thornburg investment team."
Bonnell has over 30 years of municipal bond investing experience. He spent 25 years of his career at USAA where he was most recently a senior portfolio manager and in 2010, took on responsibility for co-leading municipal bond strategies. Earlier in his career, Bonnell held credit research and municipal bond portfolio management roles at USAA. He also spent several years at Strong Capital Management and two years at OppenheimerFunds, Inc as a senior portfolio manager.