David Norris | TwentyFour Asset Management

David joined TwentyFour Asset Management (TwentyFour) in September 2018 and was made partner in January 2022. Based in the New York office, he is the Head of US Credit and a portfolio manager in the Multi-Sector Bond (MSB) team.

David has accrued 36 years of experience in fixed income markets and, prior to joining TwentyFour, held a variety of senior roles in asset management and investment banking in London, Frankfurt and New York. He has held leadership positions in high yield, credit derivatives, structured products and global credit trading at Credit Agricole, BNP Paribas, Greenwich Capital and UBS.

Once a member of the infamous New York Cosmos soccer team, David has degrees in business at the University of British Columbia, Vancouver and law from the University of Reading in the UK.

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Insights

15 Jun 2021 TwentyFour Blog

FOMC: Taper Talk and Treasury Tumble

With all of the recent data pointing to higher inflation expectations and the Fed expected to maintain a transitory interpretation, we will be focusing our attention on comments from the various regional Fed presidents on conditions that could prompt a tapering move at some point in the future.

7 Jun 2021 TwentyFour Blog

Fed Sales a Drop in the Bucket, but Watch the Ripples

While we don’t expect any material spread widening in the near term, we remain extremely wary of higher duration bonds given our view that the potential persistent inflation suggested by recent data isn’t priced into US Treasury yields, which currently sit around 1.58% at the 10-year point.

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16 Mar 2021 TwentyFour Blog

Are Markets Getting Ahead of the Fed?

The bear steepening of the US Treasury curve has undoubtedly been the story of 2021 so far for fixed income investors, many of whom will have felt the adverse impact of the broad rates sell-off on their portfolios.

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4 Feb 2021 TwentyFour Blog

Time to Test The Water in CCCs?

We think it is indeed time to begin the search for recovery stories and deleveraging credits in sectors where the execution strategy is likely to succeed.

17 Sep 2020 Market Update

How technicals have overwhelmed fundamentals

David Norris, Head of US Credit, discusses technicals in his latest video.

15 Jul 2020 TwentyFour Blog

Q2 Earnings Could Boost Outlook for Credit

As we enter Q2 earnings season, we will be most interested to learn how Corporate America has fared over the past three months.