Meet Chris

Chris Bowie

Partner, Portfolio Management

32 years investment experience

London

TwentyFour Asset Management LLP

8th Floor, The Monument Building, 11 Monument Street

EC3R 8AF London

United Kingdom

Chris is one of the partners at TwentyFour Asset Management (TwentyFour), joining in September 2014 to create and manage the Investment Grade business line.

TwentyFour's Investment Grade strategies sit between the Asset-Backed Securities (ABS) and Multi-Sector Bond (MSB) strategies and tend to have greater exposure to interest rate sensitive bonds, where active management of duration risk can be a key determinant of absolute and relative performance.

Day-to-day, Chris is the lead manager for the team's Short Term Bond Strategy. He is also a member of TwentyFour's Asset Allocation Committee and a member of its ESG Committee.

Chris has 32 years of experience across fixed income markets, having been Head of Credit at Ignis for 10 years and Head of Rates at AEGON. Before his time at AEGON, Chris was a senior portfolio manager at Murray Johnstone Ltd (acquired by Abrdn Asset Management).

Insights

Tesco Bonds: Time to Hit the Checkout?

18 Oct 2018 TwentyFour Blog

Tesco Bonds: Time to Hit the Checkout?

In January 2015, after years of market share erosion and leverage increases, Tesco bonds were downgraded to junk status by Moody’s and S&P, forcing all of Tesco’s debt stack out of IG corporate bond indices in the process.

2019-09-05_24_perfect-conditions-for-heavy-bond-issuance_teaser

20 Aug 2018 Market Update

Protecting a bond portfolio from duration and volatility

Fixed income investors globally face a huge challenge defending returns against rising rates and resurgent volatility. The Federal Reserve’s famous ‘dot plots’ are projecting two more quarter-point rate hikes in 2018 and a further four in 2019, which if carried out would take the upper bound of the Fed Funds rate to 3.5%. Other central banks may be lagging on the path to policy normalisation, but the direction is set and in all likelihood the low yields of this cycle are now behind us.

Opportunity Amid The Outflows

16 Aug 2018 TwentyFour Blog

Opportunity Amid The Outflows

Typically in August, credit liquidity becomes a bit like my lawn this summer: patchy. Over the past few weeks there have been a few stories of large fund groups seeing significant outflows from the asset class, and even of liquidations, which begs the question: what are they selling?

Will mortgage rates paint the Fed into a corner?

19 Jun 2018 TwentyFour Blog

Will mortgage rates paint the Fed into a corner?

In recent weeks we have talked often about the tightening of lending standards, the possibility of the end of dot plots, and especially the shape of the US yield curve – today’s blog encompasses all three.

Unreliable Boyfriend Running Late For Dinner

20 Apr 2018 TwentyFour Blog

Unreliable Boyfriend Running Late For Dinner

"One day hot, one day cold, and the people on the other side of the message are left not really knowing where they stand."

Are Gilts in a Bear Market

1 Feb 2018 TwentyFour Blog

Are Gilts in a Bear Market

Yesterday, 10yr Gilts closed at 1.510%. Whilst that individual yield level does not sound particularly significant, in a historical context it is possibly one of the most important month end closing levels I have witnessed in more than 25 years in the markets.