TwentyFour Asset Management

The collapse of Phones 4u has acted as a ‘wake-up call' for high yield bond investors, impacting prices just as indices begin to recover from the summer sell-off.

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.

Fund selectors are buying into asset-backed securities, labelling them one of the few remaining value trades in fixed income investing amid moves by the European Central Bank to support the sector.

City Financial's Mark Harris has increased exposure to India following the election, despite concerns over the prospects for emerging markets if developed economies continue to wind up stimulus packages.

Twentyfour Asset Management has hired Pierre Beniguel as a new portfolio manager for its credit team.

The TwentyFour Select Monthly Income trust has met its minimum fundraising target despite an increasingly difficult market for trust IPOs.

TwentyFour Asset Management is in the process of setting up a new closed-ended fixed income fund to take advantage of opportunities in less liquid parts of the bond market.

Last year was brutal for many fixed income investors as talk of tapering in the US and the great rotation to equities pushed up core bond yields. But which portfolios protected investors regardless - and could do so again this year?

Fixed income specialist TwentyFour Asset Management, which launched in 2008, has spent the last five years building up its reputation - and its assets - in the highly competitive bond space.

TwentyFour Asset Management has raised £55m for its TwentyFour Income fund, more than the firm had targeted, after strong investor demand.