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Meet Pierre

Pierre Beniguel

Portfolio Manager

14 years investment experience

London

TwentyFour Asset Management LLP

8th Floor, The Monument Building, 11 Monument Street

EC3R 8AF London

United Kingdom

Pierre joined TwentyFour Asset Management (TwentyFour) as a portfolio manager in the firm's Multi-Sector Bond (MSB) team in April 2014.

Applying more than 13 years of fixed income experience, Pierre has a particular focus on European corporate bonds.

Prior to joining TwentyFour, Pierre worked in WestLB’s credit trading and special situations divisions. A graduate of University College London, he holds a degree in Mathematics & Economics.

Related perspectives

French result supports European spreads but budget concerns remain

Jul 08 2024 TwentyFour Blog

French result supports European spreads but budget concerns remain

After weeks of volatility following President Emmanuel Macron’s decision to call snap parliamentary elections in France, markets were breathing a sigh of cautious relief on Monday after the far-right Rassemblement National (RN) underperformed the polls.

Jan 19 2023 Market Update

Strategic Income Quarterly Update – January 2023

Pierre Beniguel discusses market conditions in Q4 2022.

why 85 is the new par in high yield size

Jul 28 2022 TwentyFour Blog

Why 85 is the new par in high yield

Pierre Beniguel explains why high yield issuers are selling new bonds at steep discounts to par value, and why this represents an opportunity to build potentially significant performance into fixed income portfolios going forward.

Heimstaden and hybrids to call or not to call

Jul 12 2022 TwentyFour Blog

Heimstaden and hybrids: to call or not to call

With Heimstaden showing its commitment to corporate hybrids with a €600m tender offer, Pierre Beniguel looks at the complex decision issuers have to make and says more could follow suit with bonds trading at steep discounts.

Will high yields stay high? Teaser

Jun 23 2022 TwentyFour Blog

Will high yields stay high?

For all of these observations, there is one common observation – yields did not stay at these high levels for very long.

Taking the temperature of credit markets

Feb 17 2022 TwentyFour Blog

Taking the temperature of credit markets

So far this year, the spread between two-year and 10-year US Treasury yields has declined from 77bp to 51bp.