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  • An introduction to global CLOs
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    We are an asset management company and we specialise in fixed income, nothing else. This fixed income specialist focus means that all our resources and people are managing one asset class with no distractions.

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    US corporate hybrids gain momentum after ratings shift
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    The European corporate hybrid market has been established for some time. It is dominated by investment grade issuers seeking to raise capital with limited impact on their leverage ratios, thanks to rating agency treatment that classifies hybrids as 50% equity and 50% debt from a balance sheet perspective.

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Meet Desmond

Desmond Lai

Desmond Lai

Portfolio Management

6 years investment experience

London

TwentyFour Asset Management LLP

8th Floor, The Monument Building, 11 Monument Street

EC3R 8AF London

United Kingdom

Desmond is part of the Asset-Backed Securities (ABS) portfolio management team at TwentyFour, having previously spent four years in the Risk team.

Desmond holds a BSc in Economics from the University of Exeter.

Insights

New issuers add welcome depth to UK RMBS
7 Jul 2025 TwentyFour Blog

New issuers add welcome depth to UK RMBS

The UK Prime RMBS market has continued to evolve in 2025, with a broadening of its participant base driven by the entrance of two new sponsors (Nottingham Building Society and Newcastle Building Society) which have both priced inaugural deals this year.
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Australian ABS: Demand Down Under
24 Jul 2024 TwentyFour Blog

Australian ABS: Demand Down Under

The Australian ABS market has continued its red-hot start to the year with record issuance in the last two months – the 17 new deals priced in May for a total of A$12.3bn were followed by 13 deals in June adding a further A$8.5bn. For context, before May the post-2008 record for deals printed in a single month stood at 10 and the largest monthly volume at A$9.3bn.
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