TwentyFour Asset Management has been appointed to manage a new fixed income credit mandate for Aviva Investors multi-manager team, according to Investment Week.
The mandate will be a high-conviction portfolio with around 35 holdings selected from a variety of financial and high yield bonds as well as asset backed securities.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The new mandate will be managed by the TwentyFour portfolio management’s team of eight which includes founding partners Rob Ford, Ben Hayward, Gary Kirk and Eoin Walsh.
TwentyFour will look to exploit specific situations across the credit spectrum through a selective buying process.
Mark Holman, CEO of TwentyFour, said mandates were an area where the firm is looking to expand and the firm currently has around £1 billion in bespoke mandates.
Holman said: "We are seeing an increasing demand from multi-manager investors for joint venture bespoke mandates. We’re looking to do more with larger firms and they are looking to work with a specialist on a bespoke and tailor-made solution within the fixed income space."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIan Aylward, head of multi-manager research at Aviva Investors, said: "Awarding this mandate allows us to exploit two of the many strengths of our business model-specifying investment parameters that we could not attain through simply investing in a fund and tailoring those parameters to our investment views, specifically helping to protect fixed income returns in a rising rate environment."
