"Thornburg Investment Management reliably unexciting."

That's the headline of a profile of the 32-year-old, $90-billion mutual fund shop, penned by Winthrop Quigley of the Albuquerque Journal News. Quigley interviewed Thornburg [profile] chairman Garrett Thornburg, CEO Brian McMahon, director of marketing Leigh Moiola and chief operating officer Michael Doorley.

The article offers a glimpse at both the history and the philosophy of the Santa Fe, New Mexico-based mutual fund shop, including how the formerly-fixed-income-focused shop ended up 75 percent in equities. Thornburg himself describes the NAV of one of their funds over time looking like "the EKG of someone who is dead, which is the whole point."

He adds that his team includes "a lot of people who could be superstars, but they aren't." And it his marketing chief, Moiola, who tells the paper that Thornburg is "very much an investment-centric versus a marketing-centric firm." 

Edited by: Neil Anderson, Managing Editor


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