BOISE, Idaho — Clearwater Analytics, a global SaaS provider, announced today that Thornburg Investment Management (“Thornburg”) has selected Clearwater’s investment accounting and reporting solution. Clearwater will be an integral part of Thornburg’s operating platform.
Thornburg is a privately-owned global investment management firm based in Santa Fe, New Mexico. The firm offers a range of active investment strategies to serve a broad spectrum of client needs. Clearwater will provide daily aggregation, reconciliation, investment accounting, performance tracking, and client reporting to support Thornburg’s active portfolio management approach and client goals.
Clearwater provides a full suite of middle- and back-office tools built to solve complex investment management challenges, deliver unparalleled portfolio transparency, and scale with client growth. This includes comprehensive asset class coverage, seamless system integrations, and configurable reports to handle unique client reporting needs. Investment managers of all sizes continue to choose Clearwater to replace legacy and manual data-entry technologies with a modern, automated, scalable solution.
“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,” said Randy Dry, Chief Operating Officer for Thornburg. “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.”
Clearwater helps hundreds of investment managers, including institutional asset managers, RIAs, family offices, OCIOs, fund managers, and other buy-side firms modernize their operational infrastructure and deliver data-led customer service. Clearwater reports on more than $5.5 trillion in assets for its clients daily.
“Thornburg is embarking on the crucial project that so many investment managers are working toward right now – displacing their legacy technologies and creating efficiencies that produce both an immediate benefit in total cost of ownership and sustained long-term return on investment,” said Scott Erickson, Chief Operating Officer for Clearwater Analytics. “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.”