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TwentyFour Multi-Asset Credit Strategy

The Multi-Asset Credit (MAC) strategy aims to provide an attractive level of income along with an opportunity for capital growth. The strategy is managed on an active, unconstrained basis, allocating to different regions, countries and sectors as economic conditions change, seeking the optimum mix of credit assets to maximise returns right across the market cycle.

Portfolio Management

Eoin Walsh

Eoin Walsh

Partner, Portfolio Management

David Norris

Partner, Head of US Credit

Paul Kim

Paul Kim

Portfolio Management

Danny Zaid

Portfolio Management

Insights

Flash Fixed Income

Feb 18 2025 Flash Fixed Income

Flash Fixed Income: Is term premium back?

Since the Federal Reserve first cut interest rates in September, we have seen the most aggressive rise in US Treasury yields of any cutting cycle over the past 40 years.

Multi-Sector Bond Quarterly Update – July 2023

Jan 22 2025 Market Update

Multi-Sector Bond Quarterly Update – January 2025

It has been a busy year in fixed income markets, with Q4 2024 proving to be a pivotal period marked by significant global events, including the US election. TwentyFour Asset Management’s Eoin Walsh looks at the path for interest rate cuts in 2025.

Asset-Backed Securities Quarterly Update – July 2023

Jan 22 2025 Market Update

Asset-Backed Securities Quarterly Update – January 2025

As the fourth quarter of 2024 comes to a close, TwentyFour Asset Management’s Douglas Charleston reflects on the past year’s events and explains why, in his view, the record supply of European ABS and CLOs in 2024 is likely to be matched in 2025.

Investment Grade Quarterly Update – July 2023

Jan 22 2025 Market Update

Investment Grade Quarterly Update – January 2025

In what has been a busy start to 2025, TwentyFour Asset Management’s Gordon Shannon looks back on the final quarter of 2024.

Flash Fixed Income

Jan 20 2025 Flash Fixed Income

Flash Fixed Income: Three big themes for 2025

Will volatility in government bonds continue? Has fixed income seen “peak ESG”? And what will be the biggest driver of returns?

European ABS 2025: Income will remain king

Jan 15 2025 Market Update

European ABS 2025: Income will remain king

Given modest interest rate cut projections, a stable if not stellar macro backdrop and better relative value than corporate credit, we think European ABS investors can expect another strong year of supply and returns in 2025.

Flash Fixed Income

Dec 13 2024 Flash Fixed Income

Flash Fixed Income: Credit correction coming?

Spread tightening has left some market participants nervous about fixed income valuations going into 2025, but we think the drivers of recent credit performance are unlikely to weaken materially in the coming months.

In bank capital, it’s quality over quantity

Dec 04 2024 Market Update

In bank capital, it’s quality over quantity

It is important to understand the historical context behind “global” capital rules, and why they differ for EU and US banks.

Asset-backed finance (ABF) case study: Qander Consumer Finance

Dec 02 2024 Market Update

Asset-backed finance (ABF) case study: Qander Consumer Finance

An asset-backed finance (ABF) investment backed by a portfolio of Dutch unsecured consumer loans originated by Qander Consumer Finance.

Flash Fixed Income

Nov 14 2024 Flash Fixed Income

Flash Fixed Income: Trump to reshape rate cuts in US and Europe

In this month's Flash Fixed Income, we look at how bond markets are reacting to Donald Trump's victory in the US election. With Trump's stated policies widely regarded as being inflationary, we expect a bigger divergence in the path for interest rate cuts between the US and Europe that might favour higher quality European credit.

Why the macro outlook is tilted in fixed income’s favour

Oct 31 2024 Market Update

Why the macro outlook is tilted in fixed income’s favour

With elevated yields and inflation expected to come back to target, we think investors can target a level of real return that was extremely difficult to achieve in the previous cycle.

Back to Basics: Yield Curves

Oct 17 2024 Event Replay

Back to Basics: Yield curves

George Curtis (Portfolio Management), from our Multi-Sector Bond team provided a comprehensive understanding of the key aspects of yield curves.