TwentyFour Income Fund Limited wins Fund of the Year, Alternative Credit Awards 2024
TwentyFour Income Fund Limited (TFIF) was a winner at this year’s Alternative Credit Awards 2024, taking home the award for Fund of the Year (assets under $1bn) at last week’s awards in London.
TFIF is a FTSE 250 closed-ended investment company that targets less liquid asset-backed securities (ABS), with the aim of providing investors with a high level of income and attractive risk-adjusted returns from an asset class that has traditionally had a low correlation to more mainstream markets. TFIF mainly invests in UK and European residential mortgage-backed securities and collateralised loan obligations (CLOs).
“TFIF performed exceptionally well over the award period, with the Portfolio Manager’s active management ensuring strong portfolio performance, allowing the Company to return a record level of income to shareholders,” said Bronwyn Curtis OBE, Non-Executive Director and Chair. “This award is testament to the team’s expertise and dedication, and a strong endorsement of the potential benefits of our chosen investment universe,” added Aza Teeuwen, from the Company’s Portfolio Manager, TwentyFour Asset Management.
The Alternative Credit Awards is an awards programme that seeks to recognise the best and brightest in the alternative credit industry. Fund groups are invited to make submissions to enter the awards and have to fill in a detailed questionnaire covering performance, team processes and culture, product innovation, and how the strategies fit into client portfolios.
