The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Star Thornburg Ex-PM Retires Not Rated 5.0 Email Routing List Email & Route  Print Print
Tuesday, January 22, 2019

A Star Thornburg Ex-PM Retires

Reported by Neil Anderson, Managing Editor

A star Thornburg [profile] ex-PM is retiring after 23 years with the firm.

William Valentine Fries
Bill Fries, 79, retired from Thornburg Investment Management on January 1, MFWire. Fries most recently served as a managing director and senior advisor to the firm. At the end of 2009 he stepped back from PMing the Thornburg Value Fund (now $873.2 million in AUM), and in 2016 he stepped back from PMing the Thornburg International Value Fund (now $3.4 billion in AUM).

"Bill was instrumental in building Thornburg's equity business into the diverse range of successful, long-term investment solutions we offer today," states Jason Brady, president and CEO of Thornburg. "His 40-year career in markets is enviable, and his trademark focus and humility are inspirational. Bill is the kind of investor we all aspire to be, and we are honored that he spent the last 24 years with us."

Fries, an alumnus of Temple University and of Penn State, spent more than three decades in the investment management business. He joined Thornburg on May 1, 1995 as the Santa Fe-based mutual fund firm's first equity PM. On October 2 of that year, Thornburg launched the Thornburg Value Fund, with Fries at the helm. On May 28, 1998, Fries became the PM of the brand new Thornburg International Value Fund (for which he won Morningstar's international stock fund manager of the year award for 2003).

Prior to joining Thornburg, he was a PM at USAA (where in 1987 he was the launch PM of its Income Stock Fund), an employee benefit plan advisor, and worked at a bank. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  2. FinReg Outlook 2021, March 10
  3. Irish Funds North American Digital Seminar, March 11
  4. MFDF webinar - Municipal and Taxable Fixed Income — A Multi-Speed Recovery, March 12
  5. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  6. Women for Impact - A Call to Action, March 16
  7. SEC & DOL Standard of Conduct Rulemakings — Present & Future Considerations, March 23
  8. Expect Miracles Foundation's Virtual Mystery Game Night, March 24
  9. MFDF Director Discussion Series - Open Forum via Zoom, March 24
  10. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
  11. MFDF webinar - Asset Management M&A for Fund Directors — Recent Trends and Governance Issues, March 31
  12. MFDF Director Discussion Series - Open Forum via Zoom, April 7
  13. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  14. ETF.com Awards 2020, April 20
  15. The 31st Sub-Advised Funds Forum, Apr 20-21
  16. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  17. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  18. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  19. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  20. ICI 2021 General Membership Meeting - Day 1, May 6
  21. ICI 2021 General Membership Meeting - Day 2, May 13
  22. 2021 FINRA Annual Conference, May 18-20
  23. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  24. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  25. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  26. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use