Meet Aza

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Aza Teeuwen

Portfolio Manager

13 years investment experience

London

TwentyFour Asset Management LLP

8th Floor, The Monument Building, 11 Monument Street

EC3R 8AF London

United Kingdom

Aza Teeuwen is one of the partners of TwentyFour Asset Management and a Portfolio Manager. His main responsibility is managing the firm’s ABS funds, in addition to a number of institutional mandates. He is also a member of the firm’s Investment Committee.

Aza has over 12 years of experience of fixed income portfolio management. He joined TwentyFour in 2011, after having spent 4 years working for IMC asset management in Amsterdam, where he focused on the European RMBS, CLO and ABS CDO sectors. He holds a master’s degree in Financial Engineering & Management from the University of Twente (the Netherlands).

Related perspectives

TwentyFour Asset Management
TwentyFour Blog

CLOs: Lessons From The Past (Part 3 - Yields & Prices)

In the last two weeks we’ve looked at how CLOs behaved during the global financial crisis, and we’ve stress tested a current CLO with GFC-like defaults to see where individual tranches would start to take a loss in that scenario. Keeping in mind the rule that the third in any trilogy is usually either the best or the worst, let’s hope this third instalment is more Toy Story 3 than Tokyo Drift.

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TwentyFour Asset Management
TwentyFour Blog
COVID-19

CLOs: Lessons From The Past

In recent weeks we’ve seen significant sell-offs across all asset classes as investors have been scrambling for liquidity. With most of Europe and the US effectively in lockdown, a recession looks to be inevitable and the question is what this will do to corporates’ ability to service and refinance their outstanding debt, especially for those in the sub-investment grade space.

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TwentyFour Asset Management
2019-09-25_24_thomas-cook-a-warning-to-clo-managers_teaser
TwentyFour Blog

Thomas Cook: A Warning to CLO Managers

The globally operating travel group Thomas Cook entered liquidation this week, after it was unable to reach an agreement between its shareholders, financiers and numerous creditors, leaving hundreds of thousands of travellers stranded. A potential restructuring would likely have resulted in a significant loss for bondholders, but now it looks like the senior unsecured bonds are virtually worthless – Debtwire expects a recovery of 0-10% and the bonds are now trading at around 6 cents.

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