Market Update

CEO Mark Holman provides his outlook for credit markets in 2020, highlighting investment themes and sectors that still offer fixed income investors good relative value.

Partner and Portfolio Manager Felipe Villarroel provides an update on fixed income markets.

The coronavirus pandemic has brought about perhaps the greatest– and fastest – repricing of risk fixed income investors have ever witnessed.

Partner and Portfolio Manager Ben Hayward provides an update on the European ABS market.

Q1 2020, or more specifically March 2020, will go down in history as a game changer.

Partner and Portfolio Manager Rob Ford provides an update on UK Mortgages Limited

Q1 2020, or more specifically March 2020, will go down in history as a game changer.

Partner and Portfolio Manager Ben Hayward provides an update on the European ABS market.

It has been a challenging couple of weeks for obvious reasons.

These are clearly unprecedented times. We are seeing large gaps down in asset values, large liquidity preference and sometimes positive correlations between risk assets and risk-off hedges.

As we approach the 10th anniversary of running our Multi-Sector Bond strategies, we have once again hit a period of remarkable market turbulence that has broken records in terms of how quickly prices have deteriorated across markets including fixed income. Consequently we thought it would be useful to share some more detailed thoughts with you on what will be my fifth occasion of writing such a letter. We hope that you find it useful.

Partner and Portfolio Manager Gary Kirk provides an update on recent market developments and the positioning of the TwentyFour Select Monthly Income Fund