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Santa Fe, NM - May 11, 2010 - Thornburg Investment Management announced today that the firm has selected Vestmark to increase trading and reconciliation efficiency within its overall Separately Managed Accounts (SMA) infrastructure. Thornburg manages $58 billion of mutual fund assets as well as individual and institutional investor assets. Thornburg was recently selected as the International SMA Manager of the Year for 2010 by Investment Advisor Magazine and Prima Capital Holding 1.
"At Thornburg, we needed a technology solution that could be flexible enough to support our sophisticated investment strategies while providing more control over the individual accounts," said Randy Dry, Managing Director at Thornburg. "We were attracted to Vestmark's platform for its advanced trading tools, its intuitive interface and its ability to help support our growth."
Vestmark's state-of-the-art, real time platform will offer Thornburg a flexible, web-based solution that automates many of the labor-intensive processes associated with managed account trading and administration. Designed to increase trading, reconciliation, performance measurement, and overall operational efficiency, Vestmark's technology provides Thornburg with the necessary tools to manage individual accounts in a cost effective manner.
About Thornburg:
Headquartered in Santa Fe, NM, Thornburg Investment Management, Inc., which was established in 1982, manages nine fixed income and seven equity funds, and separate accounts for high net worth and institutional investors, totaling approximately $58 billion in assets under management as of March 31, 2010. All Thornburg Funds offer strategies for building real wealth – after taxes, inflation, and investment expenses – emanating from TIM's risk managed investment style and long-term focus. Before investing, carefully consider the Fund's investment goals, risks, charges, and expenses. For a prospectus containing this and other information visit thornburg.com. Read it carefully before investing. For more information, visit www.thornburg.com.
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About Vestmark
Headquartered in Wakefield, Mass. and founded in 2001, Vestmark is a leading provider of portfolio management solutions and outsourced services for financial institutions and their advisors, enabling them to efficiently manage customized client portfolios through an innovative technology platform. Supporting over $1.5 trillion in assets and 5.5 million accounts, Vestmark is a partner to some of the largest and most respected wealth management firms. For more information about Vestmark’s solutions, call (781) 224-3640 or visit www.vestmark.com.
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Elizabeth Shim
Haven Tower
(424) 317-4861
eshim@haventower.com