TwentyFour AM funds given clean bill of health by Square Mile

Invesco Distribution rating reinstated

Pedro Gonçalves
clock • 2 min read

TwentyFour Asset Management has been given a clean health bill by the Square Mile Academy of Funds, with all four ratings retained as the analysts predict zero impact from Ben Hayward taking over the portfolios from departing CEO Mark Holman.

Given that Holman and Hayward are both founding partners of the company, Square Mile does not anticipate the impact of these changes to be significant. "From a fund perspective, the TwentyFour Strategic Income fund will now benefit from Mark Holman's focus on investment management. While the TwentyFour Monument Bond fund will lose much of Ben Hayward's direct input, it is managed with a team approach across 11 investment managers, three of whom are partners in the firm. Square Mile therefore anticipates any impact on the fund to be manageable," the analysts said. Square Mile removes A...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week