Thornburg Investment Management ("Thornburg"), a global investment firm that oversees $46 billion in assets1, today announced the appointment of Julia Sze, CFA, as independent director to the Thornburg Board of Directors, effective December 1, 2020. Ms. Sze also serves as a member of the audit committee. Thornburg's Board of Directors is now comprised of six members, three of whom are independent.
(Adds new bond prices, analyst quote)
QUITO, Jan 20 (Reuters) - Leftist Ecuadorean presidential candidate Andres Arauz said in an interview on Wednesday that he will not comply with the conditions of a financing package negotiated with the International Monetary Fund if he is elected.
Arauz, 35, has promised a return to the socialist policies of his mentor, former President Rafael Correa. Ecuadorean bonds have been trading lower for months on concerns that the election may swing the country’s policies back to the left.
“The agreement with the IMF under the current conditions. will not be complied with, because they undermine Ecuadorean families and a program of economic growth in Ecuador,” he said in a telephone interview with Reuters. The IMF did not immediately respond to a request for comment.
Special Report: How Private Credit, Subject of Scary Forecasts, Came Out a Winner
Institutional investors like Arizona’s pension plan have done pretty well with this newly popular asset class.
Forsaken by major commercial banks after the 2008-09 financial crisis, small businesses turned to private lenders for financing. Qualms were rife that this non-bank lending, which unlike traditional bankers enjoys no federal backstop, would founder in the next downturn.
That didn’t happen to the asset class. And plenty of institutional investors that have since added private debt to their portfolios are reaping the rewards. Not blowout, Tesla-style gains, certainly, but solid, mid-single digits in a low-interest time, with some hitting the low teens.
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WAYNE,
Pa., Jan. 12, 2021 /PRNewswire/ Conestoga Capital Advisors, LLC has announced that Ted Chang will join Derek Johnston as a Co-Portfolio Manager of the firm s Mid Cap Growth strategy. Ted has served as Assistant Portfolio Manager for the Mid Cap Growth strategy since he joined the firm in June 2020. Derek has served as Co-Portfolio manager on the Mid Cap Growth strategy since February 2016.
Robert Mitchell, Co-Founder/Managing Partner and Chief Investment Officer, stated, We have been very pleased with how well Ted has integrated into our research and investment processes. We have every confidence in his capabilities as a Co-Portfolio Manager. We look forward to having Ted and Derek continue to build the firm s solid Mid Cap Growth track record.