Thornburg becomes latest asset manager to break into Chinese market

Santa Fe-headquartered company signs memorandum of understanding to form strategic partnership.

Thornburg Investment Management has signed a memorandum of understanding (MoU) with Hong Kong-based BIPPO Group to launch a new project aimed at investors in Greater China.

The strategic partnership marks the latest in a long line of US and European asset managers seeking to gain a foothold in the Chinese market through tie-ups and joint ventures with companies in the region.