Thornburg Investment Management (Thornburg), a global investment firm that oversees USD46 billion in assets, has appointed Steven Klopukh, CFA, and Tim McCarthy, CFA, as portfolio managers and managing directors.
Klopukh and McCarthy oversee two small- and mid-cap (SMID) equity mutual funds and plan to introduce SMID managed account and model delivery capabilities.
Both have nearly two decades of SMID investment experience and worked together at Allianz Global Investors since the mid-2000s.
Prior to Thornburg, Klopukh spent 18 years at Allianz, most recently as director and lead portfolio manager on the US Small- & Mid-Cap Growth team. McCarthy spent 17 years at Allianz, where he was senior portfolio manager and director, with research responsibilities for the US Small- & Mid- Cap Growth team. He was also a portfolio manager and analyst on the Small-Cap team and a member of the Quantitative Analytics & Risk Strategy group. Together, they broaden Thornburg’s fundamental, bottom-up equity research capabilities into the SMID asset class, providing significant opportunities to active investors.
“We are excited to welcome Steven and Tim to Thornburg,” says President and CEO Jason Brady. “We are continually investing in talent with proven expertise to expand our platform of strategies and deliver active solutions to our clients.”
Klopukh and McCarthy share portfolio management responsibilities on the Thornburg Small/Mid Cap Growth Fund (THIGX), which has USD770 million in assets as of 31 December, 2020. Klopukh also serves as portfolio manager on the Thornburg Small/Mid Cap Core Fund (TVIFX), which has USD822 million in assets as of 31 December, 2020. Both Klopukh and McCarthy report to Thornburg co-heads of investments Ben Kirby and Jeff Klingelhofer and are supported by the entire Thornburg investment team.
“Tim and I are delighted to join an investment-led organization,” says Klopukh. “Thornburg is well known for its thoughtful set of investment solutions that encompass active investing and a fundamental approach. We admire the rigorous and repeatable process that delivers positive outcomes to global investors.”
