Liontrust closes bond fund as managers quit

Liontrust closes bond fund as managers quit

Liontrust Asset Management is to close its £33m GF Global Strategic Bond fund less than three years after launch, following the resignation of co-managers Michael Mabbutt and Felix Martin.

Dealing was suspended in the fund on January 15, with the vehicle set to close on January 29.

The Dublin-based fund, which launched in February 2013, returned 6.7 per cent on a one-year basis, according to FE Analytics.

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Mr Mabbutt and Mr Martin previously worked together at Thames River, with the former also a previous head of emerging market debt at Baring Asset Management.

John Ions, chief executive of Liontrust, said: “I would like to thank Michael and Felix for their contribution over the past three years. We wish them all the best for the next stage in their careers.”