Thornburg Investment Management (Thornburg), a global investment firm that oversees USD49 billion in assets, has signed a master agent agreement with Concord Capital Management Corp to collaborate on the distribution of Thornburg offshore funds registered for general sale in Taiwan. The master agent agreement is currently pending regulatory approval.
“I am pleased to partner with Thornburg to further our commitment to providing Taiwanese investors with a wide spectrum of offshore funds that meet their individual investment objectives,” says Concord CEO David Lay. “This agreement expands our suite of alliance partners and deepens our solution capabilities.”
In August 2020, Thornburg announced that it had appointed Concord as its private placement agent in Taiwan. Concord helps Thornburg market its global equities and fixed income UCITS funds and separately managed account solutions to institutions and high-net-worth investors in Taiwan.
“We are excited to expand our reach and product offerings in Taiwan with Concord’s partnership,” says Thornburg President and CEO Jason Brady. “The agreement with Concord is consistent with our global distribution growth strategy and our ongoing commitment to expand our presence across Asia.”