Liontrust is to close its £33m Global Strategic Bond fund three years after launch, following the resignation of managers Michael Mabbutt and Felix Martin.
The duo were hired late in 2012 from Thames River when Liontrust's chief executive John Ions announced the launch of a global credit division. The fund was launched the following February. Mabbutt was previously head of global credit at Thames River, head of emerging market debt at LGT Asset Management and also head of EMD at Barings. Liontrust said in a statement dealing in the fund was suspended on 15 January 2016, and the vehicle will be wound up on 29 January. Ions (pictured) said: "I would like to thank Michael and Felix for their contribution over the past three years. We wis...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
