Jeff Klingelhofer, CFA
Co-Head of Investments and Managing Director
Jeff Klingelhofer is co-head of investments for Thornburg Investment Management. He is responsible for driving the investment process at the firm level. Jeff is also a portfolio manager on multiple strategies. He joined the firm in 2010, then was promoted to associate portfolio manager in 2012. In 2015, Jeff was made portfolio manager and managing director.
Jeff earned a BA in economics with a minor in business from the University of California at Irvine, and an MBA from the University of Chicago Booth School of Business in 2010. He is also a CFA charterholder. Prior to joining Thornburg Investment Management, Jeff spent four years with PIMCO, where he was responsible for monitoring portfolio leverage and risk tolerances.
18years in industry
12years at Thornburg
Investments Managed
Insights
Fixed Income
Think ABS Residuals To Improve Your Risk/Reward Trade Off
Selective ABS residuals may improve your risk/reward trade off in the fixed income portfolio construction process.
Markets & Economy
Observations in Fixed Income: Central Banks Dominate the Year
Jeff Klingelhofer, Co-Head of Investments & Managing Director, looks to a period when the Fed's mandates of low inflation and high employment may not peacefully coexist.
Inflation
June CPI Report Manages to Surprise But Not In a Good Way
The Fed remains far behind the curve on inflation and likely seals the prospect of another 75 bps tightening this month – possibly 100 bps.
ESG
ESG Considerations In Securitized Fixed Income
At Thornburg, we feel a fully integrated investment approach is the most effective way to incorporate ESG factors into securitized fixed income analysis.
Markets & Economy
Observations in Fixed Income Q2 2022
Co-Head of Investments Jeff Klingelhofer dissects the fixed income markets and the role the Fed will play in today's inflationary environment.
Markets & Economy
Observations in Fixed Income Markets from Thornburg Q1
Co-Head of Investments Jeff Klingelhofer discusses what he's seeing in the fixed income markets and his expectations for the path ahead.
Monetary & Fiscal Policy
Is the Free Lunch Over for Central Banks?
While the exit from easy monetary policy is unfolding around the world, we think it’s helpful to examine some key points about global central bank policies.
Investment Tactics
Rising Rates and the Role of High Quality Fixed Income
A bond portfolio should always act like a bond portfolio, even when volatility impacts the markets.
Markets & Economy
2022 Outlook Webcast
Your clients always have concerns about unexpected market events, and the past two years have kept investors on their toes. Watch our outlook on the year ahead.
Markets
The Pandemic and the Current Economic Disconnect
Equity indices in most parts of the world are higher than they were going into the pandemic, so markets today don't just represent a return to normalization.