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Thornburg launches long/short equity UCITS fund

Thursday, January 17, 2019
Opalesque Industry Update - Thornburg Investment Management, a global investment firm with $41 billion in assets under management, today announced the launch of Thornburg Long/Short Equity Fund, a UCITS fund domiciled in Dublin, Ireland.

The Fund is based on an investment strategy launched in 2008, currently available to investors through separately managed accounts and a U.S. mutual fund structure.

"Our firm has invested in equity markets across a variety of market cycles over the last 24 years," said Connor Browne, co-portfolio manager of the Fund. "Recent market volatility highlights the need for investors to have a permanent allocation to alternatives in their investment portfolios. Our Fund provides traditional long/short equity, hedge-fund-like exposure in a vehicle with daily liquidity. Notably, we have added value on both the long and short sides of our investment book since inception, and this sets us apart from many of our competitors."

Thornburg Long/Short Equity Fund combines tenets of both growth and value investing to pursue long-term capital appreciation and the preservation of capital during periods of high volatility and market declines. The Fund applies a bottom-up, fundamental security selection approach that is focused, diversified, and based on high conviction. Its portfolio is concentrated, with typically 30 to 40 stocks in both the long and short portions of the portfolio. As a result, the Fund delivers uncorrelated alpha and equity index-like returns with far less net exposure. Connor Browne and Bimal Shah are managing directors and co-portfolio managers of the Fund and are supported by Thornburg's 40-person investment team.

"We're excited to offer Thornburg Long/Short Equity Fund and bring access to Connor and Bimal's experience to our international partners," said Carter Sims, managing director and head of global distribution at Thornburg. "The recent spike in volatility provides investors with new entry points to tap into a top-performing U.S. long/short equity strategy and the resources of highly respected and successful portfolio managers."

The Fund is part of a suite of eight fixed income and equity strategies on Thornburg's UCITS platform. Investors can access the Fund through a range of share classes.

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