Thornburg is a privately-owned global investment management firm based in Santa Fe, New Mexico.
Clearwater will provide daily aggregation, reconciliation, investment accounting, performance tracking, and client reporting to support Thornburg’s active portfolio management approach and client goals.
Randy Dry, chief operating officer for Thornburg, said: “We closely evaluated several options from our current provider along with support from asset services. In the end, Clearwater’s technology and flexible model stood out from its peers.
“Their industry knowledge and impressive technology gave us the confidence in not only their solution, but also their commitment to supporting our business today and well into the future.”
Scott Erickson, chief operating officer for Clearwater Analytics, added: “Thornburg is embarking on the crucial project that so many investment managers are working toward right now.
“We look forward to solving challenges associated with reconciliation, accounting, and client reporting for the team at Thornburg and being part of their continued success.”