Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
The fund returned 0.69% in Q4, lagging the benchmark's 1.35% return. Despite historically tight credit spreads, the manager remains constructive on high yield corporate debt due to low projected default rates and expected technical inflows as interest rates decline.
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The fund returned 0.69% in Q4, lagging the benchmark's 1.35% return. Despite historically tight credit spreads, the manager remains constructive on high yield corporate debt due to low projected default rates and expected technical inflows as interest rates decline.
The Thornburg Strategic Income Fund returned 2.02% in Q3 2025, slightly lagging its benchmark due to underweight duration positioning. The managers are maintaining a high-quality, long-duration bias to navigate macroeconomic uncertainty, rate cuts, and rising tariff pressures.
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The Thornburg Strategic Income Fund returned 2.02% in Q3 2025, slightly lagging its benchmark due to underweight duration positioning. The managers are maintaining a high-quality, long-duration bias to navigate macroeconomic uncertainty, rate cuts, and rising tariff pressures.
