TwentyFour Asset Management

Fixed income specialists

TwentyFour Asset Management is a specialist fixed income firm based in London and New York, and an independent operating subsidiary of Vontobel. Since inception in 2008, we have built a strong reputation for performance, expertise and innovation in the bond markets.

Our robust investment process and highly transparent products aim to generate attractive risk-adjusted returns throughout the economic cycle, with a strong focus on capital preservation.

 

2008 London Fixed Income 18.2 bn

Focus on one asset class

We are fixed income specialists – it is the only asset class we invest in. All our resources and people strive to  deliver the best outcomes for our clients in our chosen sector.

Our portfolio management teams cover three distinct business areas – Strategic Income, Outcome Driven and Asset-Backed Securities – working closely together to leverage expertise from across the firm for each strategy. From the beginning we built our team of investment professionals to reflect the structure of today’s fixed income market. From structuring and ratings specialists to trading and investment banking, we have people who know the bond markets inside out.

Our nimble, capacity-constrained funds are focused only on those areas of fixed income where we believe we can extract most value for our clients.

Investment Philosophy

Bond markets require active management to find value. Given the sheer number of issuers, products and structural idiosyncrasies in the fixed income market, there are simply too many opportunities for extracting long-term value to leave your cash tracking an index.

Our portfolio managers dedicate themselves to ruthless bottom-up credit research, enabling them to combine high conviction relative value calls with macro-driven returns to target positive performance. Our investment team’s long and diverse experience helps to ensure a wide range of views, which we believe is essential for capturing returns and mitigating risks.

True active management

To us active management doesn’t simply mean stock-picking or ignoring indices – it means engaging with the market at every step of the investment process to try to maximize alpha for our investors.

TwentyFour portfolio managers execute their own trades, giving them critical knowledge of the market’s technical picture and makes them better positioned to maximize efficient execution. We insist on meeting the management of every credit we consider buying.

Communication and transparency

We pride ourselves on transparency and keeping investors fully informed, helping them better understand the risks as market conditions change.

We always tell our investors what we are doing, how we are doing it, and why. As active managers, we have the conviction to explain our decisions in terms our clients can understand, to help them better understand the risks and make their own investment decisions.

Our portfolio managers keep a busy schedule of face to face meetings, calls and webinars, and anyone can read our latest thoughts on the market in our popular blog.

Our offering

Our product offerings are for both professional and institutional clients, covering open ended funds, and segregated mandates. Our portfolio management teams cover three distinct business areas while working closely together.

4 funds found

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Vontobel Fund - TwentyFour Absolute Return Credit Fund

TwentyFour Asset Management Investment Grade

View 18 share classes Hide share classes
Share class Currency ISIN Valor NAV YTD As at
AH (hedged) CHF LU1380459195 31902604 90.44 0.62% Nov 30 2020
AH (hedged) USD LU1380459351 31903201 99.97 1.95% Nov 30 2020
AH (hedged) EUR LU1380459278 31903191 92.04 0.74% Nov 30 2020
AHN (hedged) EUR LU1683487620 38261757 91.85 1.21% Nov 30 2020
AHN (hedged) CHF LU1734078154 39471995 91.14 0.98% Nov 30 2020
AI GBP LU1267852249 29030549 93.17 1.94% Nov 30 2020
AQHN (hedged) EUR LU1331789450 30670277 100.78 1.23% Nov 30 2020
AQHNG (hedged) USD LU1410502493 32553207 107.04 2.57% Nov 30 2020
AQN GBP LU1331789377 30670273 109.33 1.90% Nov 30 2020
AQNG GBP LU1368730674 31599783 104.03 2.04% Nov 30 2020
G GBP LU1273680238 29168014 118.19 2.07% Nov 30 2020
HI (hedged) CHF LU1599320444 36446926 102.88 1.09% Nov 30 2020
HI (hedged) EUR LU1331789617 30671519 110.37 1.20% Nov 30 2020
HI (hedged) AUD LU2191833487 55433199 101.92 - Nov 30 2020
HN (hedged) EUR LU1734078238 39472001 102.12 1.13% Nov 30 2020
HN (hedged) USD LU1767066357 40236072 109.57 2.28% Nov 30 2020
I GBP LU1267852082 29030420 117.50 1.93% Nov 30 2020
N GBP LU1267852595 29030838 117.27 1.90% Nov 30 2020
Vontobel Fund - TwentyFour Monument European Asset Backed Securities

TwentyFour Asset Management Asset Backed Securities

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Share class Currency ISIN Valor NAV YTD As at
A EUR LU1882612564 43753862 97.81 -1.03% Nov 30 2020
AH (hedged) USD LU1882612994 43753876 103.81 0.27% Nov 30 2020
AH (hedged) CHF LU1882612648 43753868 98.48 -1.25% Nov 30 2020
AH (hedged) GBP LU1882612721 43753874 99.07 -0.59% Nov 30 2020
HI (hedged) USD LU1602256700 36484869 109.79 0.59% Nov 30 2020
HI (hedged) CHF LU1602256296 36484864 100.25 -0.95% Nov 30 2020
HN (hedged) CHF LU1882613299 43753894 99.33 -0.93% Nov 30 2020
HN (hedged) USD LU1882613455 43753897 104.99 0.77% Nov 30 2020
HN (hedged) GBP LU1882613372 43753896 101.88 -0.10% Nov 30 2020
I EUR LU1602255561 36484858 102.11 -0.56% Nov 30 2020
N EUR LU1882613026 43753879 100.21 -0.61% Nov 30 2020
Vontobel Fund - TwentyFour Strategic Income Fund

TwentyFour Asset Management Flexible Bonds

View 35 share classes Hide share classes
Share class Currency ISIN Valor NAV YTD As at
AH (hedged) USD LU1380459609 31903318 114.69 6.57% Nov 30 2020
AH (hedged) EUR LU1380459518 31903287 105.01 5.29% Nov 30 2020
AH (hedged) CHF LU1380459435 31903272 102.90 5.05% Nov 30 2020
AHI (hedged) EUR LU1325139290 30515147 99.87 5.89% Nov 30 2020
AHN (hedged) CHF LU1683482407 38291774 98.22 5.63% Nov 30 2020
AHN (hedged) EUR LU1734078311 39472004 99.10 5.76% Nov 30 2020
AQ GBP LU1695534591 38576552 103.02 5.72% Nov 30 2020
AQH (hedged) Gross USD LU1695534674 38576554 103.23 6.55% Nov 30 2020
AQH (hedged) Gross HKD LU1695534831 38576560 99.98 6.72% Nov 30 2020
AQH (hedged) Gross SGD LU1695534914 38576564 100.48 6.35% Nov 30 2020
AQH (hedged) Gross EUR LU1695534757 38576557 98.16 5.31% Nov 30 2020
AQHG (hedged) EUR LU1816229899 41604558 102.53 6.17% Nov 30 2020
AQHG (hedged) USD LU1816230046 41604564 108.27 7.38% Nov 30 2020
AQHI (hedged) USD LU1331792082 30671527 114.47 7.20% Nov 30 2020
AQHN (hedged) EUR LU1325135033 30514904 101.09 5.91% Nov 30 2020
AQHNG (hedged) EUR LU1325134226 30514898 101.32 6.01% Nov 30 2020
AQHNG (hedged) USD LU1451580523 33337877 114.00 7.38% Nov 30 2020
AQN GBP LU1322871630 30445597 106.67 6.31% Nov 30 2020
AQNG GBP LU1695534328 38576548 103.52 6.45% Nov 30 2020
G GBP LU1322871713 30445634 129.49 6.49% Nov 30 2020
H (hedged) EUR LU1551754515 35380297 114.13 5.15% Nov 30 2020
H (hedged) USD LU1695535135 38576584 117.10 6.60% Nov 30 2020
HG (hedged) USD LU1717117896 39078859 119.29 7.35% Nov 30 2020
HG (hedged) EUR LU1717117623 39078855 111.02 5.95% Nov 30 2020
HI (hedged) USD LU1325144027 30517180 135.16 7.18% Nov 30 2020
HI (hedged) EUR LU1325141510 30515149 122.04 5.74% Nov 30 2020
HI (hedged) CHF LU1325143136 30515275 119.77 5.63% Nov 30 2020
HN (hedged) USD LU1767066431 40236077 117.39 7.19% Nov 30 2020
HN (hedged) EUR LU1734078584 39472006 110.05 5.79% Nov 30 2020
HNG (hedged) EUR LU1325133921 30514756 122.82 5.93% Nov 30 2020
HNG (hedged) USD LU1695535051 38576583 119.89 7.26% Nov 30 2020
HR (hedged) CHF LU1650589929 37575133 111.41 5.92% Nov 30 2020
I GBP LU1322871390 30445160 128.39 6.34% Nov 30 2020
N GBP LU1322871556 30445263 128.21 6.32% Nov 30 2020
NG GBP LU1322871986 30446217 129.20 6.45% Nov 30 2020
Vontobel Fund - TwentyFour Sustainable Short Term Bond Income

TwentyFour Asset Management Investment Grade

View 19 share classes Hide share classes
Share class Currency ISIN Valor NAV YTD As at
AH (hedged) EUR LU2081487378 51155755 100.30 - Nov 30 2020
AHI (hedged) EUR LU2081486727 51133685 100.67 - Nov 30 2020
AHI (hedged) USD LU2210409616 56212864 101.00 - Nov 30 2020
AHI (hedged) CHF LU2210410036 56212872 100.86 - Nov 30 2020
AHN (hedged) USD LU2210409889 56212868 101.00 - Nov 30 2020
AHN (hedged) CHF LU2210410382 56213399 100.74 - Nov 30 2020
AQG GBP LU2081485596 51132454 100.25 - Nov 30 2020
AQI GBP LU2081485919 51151249 101.39 - Nov 30 2020
AQNG GBP LU2081485679 51132474 99.93 - Nov 30 2020
G GBP LU2081485240 51132430 101.31 - Nov 30 2020
H (hedged) CHF LU2210410119 56213372 100.58 - Nov 30 2020
H (hedged) EUR LU2081487295 51155529 100.30 - Nov 30 2020
HI (hedged) USD LU2081487709 51155828 101.00 - Nov 30 2020
HI (hedged) EUR LU2081486560 51132543 100.47 - Nov 30 2020
HI (hedged) CHF LU2210409962 56212870 100.86 - Nov 30 2020
HN (hedged) EUR LU2081486644 51133633 100.93 - Nov 30 2020
HN (hedged) USD LU2210409707 56212866 101.00 - Nov 30 2020
HN (hedged) CHF LU2210410200 56213392 100.71 - Nov 30 2020
NG GBP LU2081485323 51132452 101.25 - Nov 30 2020

Our people

Our people are the cornerstone of what makes TwentyFour unique and attracting and retaining the best people remains at the heart of what we do. Our team’s expertise spans a range of backgrounds and investment disciplines with the investment team having a blend of trading and asset management skills.

We believe our success is down to our strong team, who bring diverse experience and capabilities to help create what we believe to be the best opportunities for our clients. Our collaborative environment and team-based approach means we have a culture of knowledge sharing helping everyone to work towards a common goal.

Our Portfolio Managers

Day-to-day portfolio management is the responsibility of our portfolio management team, which is drawn from both trading and portfolio management backgrounds and has over 200 years combined relevant experience.

holman_mark

Mark Holman

Chief Executive Officer TwentyFour Asset Management, Portfolio Manager

Our heritage

2018TwentyFour celebrates its 10 year anniversary Bn GBP14.02016Opening of the New York officeBn GBP7.82015Vontobel acquire a majority stake in the businessLaunch of our Outcome Driven business led by Chris BowieBn GBP5.52014Development of Observatory, our proprietary stock picking toolBn GBP4.02011Launch of our fixed income blogBn GBP1.02010Launch of our Strategic Income StrategyBn GBP1.02009Launch of our Investment Grade ABS StrategyBn GBP0.32008TwentyFour founded in London by seven original partnersBn GBP0.1

Insights

TwentyFour Asset Management
 2019-08-14_WP_uk-abs-braced-for-a-boris-brexit-teaser.jpg
White Paper

UK ABS: Braced For a Boris Brexit

With the election of Boris Johnson as leader of the Conservative Party, and subsequently as the next UK prime minister, the chances of a ‘no-deal’ Brexit took a decisive tick upwards. We believe the UK ABS market will be an effective defensive holding against the deep uncertainty around the Brexit outcome, and one which could also offer some material spread upside given the premium currently being priced into UK assets.

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TwentyFour Asset Management
2019-08-14_wp_five-things-to-consider-abs-teaser
White Paper

Five things to consider when investing in ABS

Despite boasting some of the lowest default rates across the global fixed income market, as well as higher yields and greater investor protections than vanilla corporate bonds of the same rating, Asset-Backed Securities (ABS) remains an under-utilised market for many pension funds. TwentyFour partner Ben Hayward outlines five things every investor should keep in mind when looking at this compelling asset class.

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