Thornburg Investment and Concord Capital Management announce Partnership
Concord Capital Management (Concord) and Thornburg Investment Management (Thornburg) have reportedly partnered to market Thornburg’s global equities and fixed income Ucits to Taiwanese HNW investors.
Thornburg, which is headquartered in New Mexico, is hoping that its partnership with Concord will allow it to market its global equities, fixed income Ucits, and separately managed account solutions in Taiwan, a new market for the firm, according to an article by Citywire Asia.
Concord, which will act as a private placement agent for Thornburg, using its base in Taiwan, will also reportedly help Thornburg to expand throughout the region.
Jason Brady, CEO, Thornburg Investment Management, said: “In addition to our partnership in Taiwan, earlier this year Thornburg received QDLP status in China, and last year, we established an office in Hong Kong.”
“In each of these markets, demand for differentiated and actively managed investment strategies has been consistent. We think the future is bright in Asia,” Brady continued.
There are said to be over 1,000 offshore funds in Taiwan, with the nation’s investors long looking to income-driven solutions, says Citywire Asia.
Looking ahead, however, Brady notes that the Covid-19 pandemic may result in a shift in focus toward higher grade bonds, with investors favouring capital preservation.
“While yields remain low, we think this prudent approach can continue to generate the income investors expect with better risk-adjusted performance.”
“We believe that alternative investments can offer diversification for HNW investors, with particular focus on private credit and real estate opportunities,” Brady commented.
Brady expressed his confidence in Taiwanese investors’ desire to place greater emphasis on ESG factors in the future, with the article noting that ESG is already at the forefront of many investors’ agendas in the nation.
The USD84.5 million equity fund is registered in the US, with a 15.6% allocation in China, 4.3% in Germany, 12.7% in France and 12% in Japan.
