Thornburg’s Motola Picks His Spots

Ego maniacs on Wall Street might have a problem admitting it, but the best mutual fund complex is not in New York or Boston. Would you believe New Mexico?

True, some of the boys in Denver are having a resurgence. And Chicago possesses notable talent. But the guys at Thornburg Investment Management are on a roll. And they have cojones, evidenced by their Core Growth Fund holding a 34% weighting in technology at the end of May.

No guts, no glory. And given Alex Motola’s numbers are #1 in his peer group over the past 3 and 5 years, he is covered in glory.

Alex Motola, manager of the $3 billion Thornburg Core Growth Fund, holds half as many stocks as competitors and his record is twice as good...."We prefer to know the companies very, very well,’’ Motola said from his office at Thornburg Investment Management Inc. in Santa Fe, New Mexico. ``How much are you going to know about your 75th or 200th idea? Every spot in the portfolio is a potentially meaningful contribution to returns.’’ Bloomberg

On Wall Street you live by the sword, die by the sword. Alex might be taking a hit today, but if you are looking for a Balls to the Wall fund you might just want to kick the tires in Sante Fe.

This is one StockJockey you should get to know.

Thornburg Fund’s Motola Gets Biggest Returns From Fewest Stocks
Bloomberg

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