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Welcome to Thornburg

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For Institutional / Wholesale / Professional Clients

The content on this website is intended for institutional and professional investors in the United States only and is not suitable for individual investors or non-U.S. entities. Institutional and professional investors include pension funds, investment companies registered under the Investment Company Act of 1940, financial intermediaries, consultants, endowments and foundations, and investment advisors registered under the Investment Advisors Act of 1940.

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Please read the information below. By accessing this web site of Thornburg Investment Management, Inc. ("Thornburg" or "we"), you acknowledge that you understand and accept the following terms and conditions of use.

Disclaimers

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be licensed or available in all jurisdictions and there may be restrictions or limitations to whom this information may be made available. Unless otherwise indicated, no regulator or government authority has reviewed the information or the merits of the products and services referenced herein. Past performance is not a reliable indicator of future performance. Investments carry risks, including possible loss of principal.

Reference to a fund or security anywhere on this website is not a recommendation to buy, sell or hold that or any other security. The information is not a complete analysis of every material fact concerning any market, industry, or investment, nor is it intended to predict the performance of any investment or market.

All opinions and estimates included on this website constitute judgements of Thornburg as at the date of this website and are subject to change without notice.

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Third Party Content

Certain website's content has been obtained from sources that Thornburg believes to be reliable as of the date presented but Thornburg cannot guarantee the accuracy, timeliness, completeness, or suitability for use of such content. The content does not take into account individual investor's circumstances, objectives or needs. The content is not intended as an offer or solicitation with respect to the purchase or sale of any security or other financial instrument or any investment management services, nor does it constitute investment advice and should not be used as the basis for any investment decision.

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Jake Walko

Director of ESG Investing & Global Investment Stewardship, Managing Director

Jake Walko is the director of ESG investing & global investment stewardship at Thornburg Investment Management, furthering the adoption of environmental, social, and governance (ESG) considerations across Thornburg’s full product suite. He was named managing director in 2023. Prior to joining Thornburg, Jake worked at Neuberger Berman in New York as vice president, ESG investing and director of global investment stewardship. Earlier in his career, he covered the technology and real estate spaces on BlackRock’s Investment Stewardship team, as well as serving in various positions at Glass, Lewis, Co.

Jake is a graduate of the City College of the City University of New York with an MA in international relations and Hunter College of the City University of New York with a BA in economics. He is currently registered with FINRA with a Series 7 and 63 and holds the CFA Institute Investment Foundations Certificate™.

20years in industry
4years at Thornburg

Insights

2024 Outlook for ESG Equities
ESG

2024 Outlook ESG: Will High Rates Curb Infrastructure Investment?

If net zero carbon emissions remains the long-term climate goal, high interest rates require discipline deciding which projects are financed and which are not.
A decommissioned lignite power station behind a village
ESG

ESG Momentum: Investing Isn’t One Dimensional

Investors should consider ESG momentum investing that enables active managers to consider misunderstood companies as opportunities for alpha generation.
Low Angle View Of Bird Perching On Street Light Against Blue Sky
ESG

Is the World Gaslighting ESG?

ESG finds itself at the center of a debate around fiduciary responsibility. What's lost in the noise? Jake Walko, Director of ESG Investing at Thornburg, explains.
Green policies and sustainability.
ESG

Green Policy vs Sustainability: Reconsidering ESG

For a long time, it seemed like ESG was trending towards a singular orthodoxy—that an "ESG Company" might be the one blessed by arbiters. That is no longer the case.
Onshore and offshore wind turbines on reclaimed land, Noordoostpolder, Flevoland, Netherlands
ESG

The Changing Face of ESG

As the disconnect between policy ambitions and on-the-ground realities widen, asset managers have to cope the challenge of the changing face of ESG.
Security types icons with natural green vegetation patterns.
ESG

ESG Considerations In Securitized Fixed Income

At Thornburg, we feel a fully integrated investment approach is the most effective way to incorporate ESG factors into securitized fixed income analysis.
Germany, Herzogenrath, Overhead view of solar panels at sand mine
Sustainability and ESG

ESG Investing: Active Management is More Needed Than Ever

ESG investing is a nuanced process that requires a keen eye for materiality and the ability to sift through data to separate “noise” from legitimate insights.
ESG investing and practices are important, 4 kayaks lie stark against a Caribbean blue ocean
ESG

ESG Investing: Practices, Progress and Challenges

Jake Walko, Thornburg’s Director of ESG Investing & Global Investment Stewardship, speaks about ESG integration and the benefits of active management.
ESG standards, a corn field glows in the late afternoon sunlight
ESG

In Search of an ESG Standard in a Sea of ESG “Standards”

Stakeholders need to understand and evaluate financially material ESG factors in investments because singular "winner" of ESG standards may never come.
Lightbulb shines brightly on the art and science of ESG in fundamental research
ESG

Can an ESG Portfolio Outperform a Conventional Portfolio?

ESG portfolios can beat expectations depending on the time horizon and client values. See why asset inclusion can be less rigid.