Ex-Ignis head of credit Bowie to join TwentyFour AM

Former Ignis Asset Management head of credit Chris Bowie is to join TwentyFour Asset Management as the boutique builds on recent success in the fixed income space, Investment Week can reveal.

Bowie (pictured), who spent a decade at Ignis as head of credit before departing upon its takeover by Standard Life last month, is understood to be joining the firm in the coming weeks to run new funds for TwentyFour. Principal among those is thought to be an absolute return bond fund, launching in Q4, in keeping with the Absolute Return Credit fund Bowie ran at Ignis for the past two years. He produced top quartile returns over the past five years on the Ignis Corporate Bond fund, returning 75.3% in the five years to end-June compared with an IMA £ Corporate Bond sector average retur...