Investment Grade Quarterly Update – January 2021
Partner and portfolio manager Chris Bowie looks back at investment grade credit market performance in 2020 and provides his outlook for 2021
Insights Topic
Investment Grade
We See Value in Lagging Corporate Hybrid Spreads
As we are nearing the end of 2020 and assessing pockets of potential value going into 2021, we have to question the strong rally we have just experienced and assess the attractiveness of the hybrid spread multiple and whether or not we can expect further compression.
Investment Grade Quarterly Update – October 2020
Partner and Portfolio Manager Chris Bowie discusses Q3 performance for the investment grade credit market and provides his outlook for the rest of 2020.
TwentyFour Absolute Return Fund - 5 Year Anniversary
Having just celebrated the fifth birthday of his Vontobel Fund – TwentyFour Absolute Return Credit Fund, Chris Bowie discusses some of his biggest challenges in the past five years, who the fund is designed for and how it has performed over that five year period.
Absolute Return Credit (ARC) is Five
Five years ago we launched a simple strategy with a complicated name. The goal sounded simple: to return 2.5% more than cash, after fees, from a long-only, unlevered credit fund. And to do that with as little volatility as possible (but never being allowed to have more than 3% volatility).
The benefits corporate hybrids can offer
A member of our Multi-Sector Bond team explains hybrids, how they work, and their benefits.
Where are the value opportunities in corporate bonds?
Johnathan Owen discusses opportunities to find value in corporate bonds in the current climate.
Fixed Income Festival 2020 – IG Breakout session
Chris Bowie and Gordon Shannon hosted a breakout session on the IG stage where they provided an update on portfolio performance and their outlook for investment grade credit markets.
Fixed Income Festival 2020 – Main stage
TwentyFour CEO Mark Holman provides a macro outlook before discussing his views on a critical US presidential election and how it could impact the economy and the markets.
The Bond Market Recovery has Outpaced Equities
The clear opportunity within IG credit from our perspective, without having to take excessive risk, is to buy legacy Bank and Insurance IG debt.
Outcome Driven – Quarterly update – July 2020
Partner and Portfolio Manager Chris Bowie discusses Q2 performance for the Outcome Driven strategy and provides his outlook for the rest of 2020.
Outcome Driven Update - June 2020
Partner and Portfolio Manager Chris Bowie provides an update on investment grade credit markets.