Thornburg Investment Management Obtains QDLP License in China
Thornburg Investment Management announced that its wholly foreign-owned enterprise, Thornburg Investment Management (Shanghai) Limited, has successfully filed for registration and has been granted a Qualified Domestic Limited Partnership (“QDLP”) license from the China Asset Management Association.
Shanghai — 21 July 2022 — Thornburg Investment Management (“Thornburg”) today announced that its wholly foreign-owned enterprise, Thornburg Investment Management (Shanghai) Limited, has successfully filed for registration and has been granted a Qualified Domestic Limited Partnership (“QDLP”) license from the China Asset Management Association. The license will give qualified investors in China access to a range of Thornburg’s investment solutions, including its multi-asset, global fixed income and equity strategies.
“In our 40th anniversary year, the approval of the QDLP license marks an important milestone for Thornburg in its international expansion,” said Thornburg President & CEO Jason Brady. “As Chinese investors look for greater diversification, we believe our differentiated approach to active management, as well as decades of experience in global investment and risk management, will provide premium global wealth management and diversified asset investment services to institutional and high-net-worth investors in the country.”
Thornburg Investment Management (Shanghai) Limited has assembled a dedicated team in Shanghai with deep expertise in business development and operations to serve the QDLP business. The team will provide services to qualified investors in China with support from its U.S.-based global management and investment teams, headquartered in Santa Fe, New Mexico.
Thornburg is a global investment firm delivering on strategy for institutions, financial professionals and investors worldwide. The privately held firm, founded in 1982, is an active, high-conviction manager of fixed income, equities, multi-asset solutions and sustainable investments. With US$42 billion1 in client assets as of 30 June 2022, the firm offers mutual funds, closed-end funds, institutional accounts, separate accounts and UCITS funds for non-U.S. investors.
As an independent firm, Thornburg can take on a wide range of opportunities, explore ideas thoroughly and work across strategies to deliver consistent risk-adjusted outperformance over the long term. The firm attracts free-thinking professionals who are eager to pursue investment outcomes beyond the confines of popular wisdom. From nimble operational capabilities to principles and actions fitting of a global citizen, Thornburg’s world-class investment platform and team are aligned on strategy to serve investors.
Thornburg’s U.S. headquarters is in Santa Fe, New Mexico with offices in London, Hong Kong and Shanghai. For more information, visit www.thornburg.com.
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1 Includes $40 billion in assets under management and $2 billion in assets under advisement as of 30 June 2022.