Ratings Roundup

Following the announcement that Mark Holman, partner and portfolio manager at TwentyFour, will be retiring from the business in June of this year, we have decided to retain the TwentyFour Strategic Income fund’s AA rating.

We acknowledge that Mr Holman’s exceptional expertise in the analysis of financial companies and portfolio management will be missed. However, we maintain our conviction in the fund’s rating on account of the firm’s strong resources, long-established investment process and highly collegiate team-based management approach. Long standing co-portfolio managers Eoin Walsh, Felipe Villarroel, and David Norris remain in their roles, having spent a number of years working alongside Mr Holman. Therefore, we do not believe that Mr Holman’s departure will have a detrimental impact on the strategy.

Finally, we would like to take this opportunity to congratulate Mr Holman on his long and successful career and wish him all the best in his retirement.