It is quite common for people to fall into a job and for that to determine the trajectory of their career path. Chris Bowie didn’t quite do it like that,
as he always wanted to be an equities trader.
Having joined Murray Johnstone as a fresh-faced youth, he and found it
impossible to break into trading. He eventually managed to make himself
indispensable through building a well-received IT system. He finally got a
break – in fixed income – and saw it as a stop gap.
However, having forced his way into trading (and fund management),
he seems to have fallen into bonds more permanently unless 20 years can
be considered a passing phase.
Having done the hard yards, he quickly showed his ability in fixed
income and progressed through different firms until a successful decade
at Ignis Asset Management came to an end with its sale in 2014.
Looking for a new direction, he joined TwentyFour and last year
launched two new funds – an absolute return fund at the end of August –
and a corporate bond fund in mid-January.
With young funds, the next year is focused on performance, but also
growing the business as well. He is looking to hire some New York-based
US specialists to assist with high yield asset selection.
Bowie feels TwentyFour has been very much involved in the debate on
liquidity, about which the company remains very conservative and does
not anticipate improvement any time soon.
Liquidity is why TwentyFour closed its flagship fund to new investors
because the bigger the fund gets, the harder it is to select assets and
manage the portfolio risks effectively.
Having been named as number 14 among the top 1000 fund managers
in a 2013 survey across all asset classes, Bowie has a high watermark for
industry acknowledgements. n
TwentyFour Asset Management
Bachelor of Arts (BA) Hons,
1988 – 1992