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I see this Edgar/SEC filing dated 8/21/24 announcing these changes for Ben KIRBY and Jeff KLINGELHOFER. They were managing several Thornburg funds. Their bios appear on Thornburg website. Kirby was also managing $13.8 billion TIBAX / TIBIX and Thornburg's only CEF TBLD ($542 million).
"Effective August 20, 2024, Matt Burdett has been named Head of Equities and Christian Hoffmann has been named Head of Fixed Income of Thornburg Investment Management, Inc. (“Thornburg”), replacing Ben Kirby and Jeff Klingelhofer who will conclude their service as Co-Heads of Investments of Thornburg on September 30, 2024."
Burdett and Hoffman are already part of TIBIX and TBLD teams. In TSUMX, they will be REPLACING Kirby and Klingelhofer.
May be retirement? Moving on? Scandal?
Someone who is keeping tabs on Thornburg should comment on these developments.
Smells like rotten fish...I do NOT know all the details but wasn't there something about "sexual favortism lawsuit filed in 2023 against the former CEO Brady, he was accused of having an affair with an employee and some thought she was promoted/favored or something like that...now there is a new guy Zinkula CEO who came aboard after Brady stepped away due to the above...hope that Kirby and Klingelhofer didn't get caught up in any of that nonsense...but why both of them leaving, both high level guys? I have no idea how old they are but they seem to be thirty-something maybe early 40's...so that would be odd for them to "retire"...
Comments
Never liked the sound of that phrase... almost like throwing a little shade at the folks leaving...
"Effective August 20, 2024, Matt Burdett has been named Head of Equities and Christian Hoffmann has been named Head of Fixed Income of Thornburg Investment Management, Inc. (“Thornburg”), replacing Ben Kirby and Jeff Klingelhofer who will conclude their service as Co-Heads of Investments of Thornburg on September 30, 2024."
Burdett and Hoffman are already part of TIBIX and TBLD teams. In TSUMX, they will be REPLACING Kirby and Klingelhofer.
May be retirement? Moving on? Scandal?
Someone who is keeping tabs on Thornburg should comment on these developments.
Edgar/SEC https://www.sec.gov/Archives/edgar/data/816153/000199937124010454/tbit-497_082124.htm
Ben Kirby https://www.thornburg.com/people/ben-kirby/
Jeff Klingelhofer https://www.thornburg.com/people/jeff-klingelhofer/
Matt Burdett https://www.thornburg.com/people/matt-burdett/
Christian Hoffmann https://www.thornburg.com/people/christian-hoffmann/