Meet Gary

Gary Kirk

Partner, Portfolio Management

34 years investment experience

London

TwentyFour Asset Management LLP

8th Floor, The Monument Building, 11 Monument Street

EC3R 8AF London

United Kingdom

Gary Kirk is one of the founding partners of TwentyFour Asset Management, and a Portfolio Manager.

He sits on the firm’s Investment Committee, which sets the overall risk bias for the portfolios managed by the firm. Gary’s main responsibility is managing the firm’s Multi-Sector Bond team and corresponding funds.

Gary has over 33 years of experience in fixed income markets gained across a variety of senior roles in asset management and investment banking, including leadership positions at Daiwa Capital, Royal Bank of Canada, CDC and Wachovia Bank.

Insights

TwentyFour Blog 28 Jul 2021 by Gary Kirk

Bank Balance Sheets Continue to Strengthen

We agree that banks are sitting with an abundance of excess capital and will use some of it to repay shareholder support. However, capital buffers will remain elevated for some time to come,

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TwentyFour Blog 25 Jun 2021 by Gary Kirk

US Banks Pass Their Health Check

Yesterday the US Federal Reserve released the results of its annual bank stress test, subjecting the 23 largest US lenders to a punitive set of scenarios. Some observers might think the events since March 2020 had been sufficient to test the resilience of the banks, but the Fed went beyond this recent real-life challenge and tested bank balance sheets against a range of hypothetical crises.

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Market Update 24 Jun 2021 by Mark Holman Gary Kirk

AT1 Virtual Event: Re-Rating AT1s and the Banking Sector - 24th June 2021

In this unique virtual event from TwentyFour Asset Management, TwentyFour CEO Mark Holman guided us through the AT1 market as we discovered what role he thinks these bonds can play in a fixed income portfolio.

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TwentyFour Blog 11 May 2021 by Gary Kirk

Classic Late-cycle Issuance…in Mid-cycle

Markets can often be tricky for investors in May as bond issuers take advantage of a window of opportunity following the Q1 earnings season and ahead of the typical summer lull. This often results in heavy supply in late April and early May, hence the old trader adage of “sell in May and go away”.

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TwentyFour Blog 22 Apr 2021 by Gary Kirk

Credit Suisse Pulls Levers to Shore Up Capital

What is most interesting about the CS situation though is that to us it illustrates the ability of large banks to bolster capital when such events occur, and the range of options they have to do it.

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TwentyFour Blog 14 Apr 2021 by Gary Kirk

Volatility in Rates Eased For Now

This recent stability in the rates curve suggests to us that for now the market is listening to the Fed’s rhetoric and as a result the UST market feels better balanced.

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