Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Liontrust hires Thames River co-founder to launch global credit division

Liontrust hires Thames River co-founder to launch global credit division

Liontrust has recruited Thames River Capital co-founder Michael Mabbutt to head a newly-formed global credit division which is expected to launch its first mandates at the beginning of next year.

Mabbutt helped launch Thames River in 1998 and helped build assets under its credit team to $3 billion by the end of 2007, when he stepped down from the business.

He had been best known for his management of the Thames River High Income and Thames River Hillside Apex funds. Since stepping back from full-time management Mabbutt has consulted for a range of clients, including Liontrust.  

John Ions (pictured), Liontrust chief executive, said: ‘Michael is an excellent addition to our already strong fund management capability.

‘He has a long, proven track record of delivering strong performance for the investors in the funds that he has managed and sees the opportunity in the current economic and market environment to continue that at Liontrust.

‘Michael's appointment diversifies our offering away from our focus on equities into global credit, enabling us to further deepen and expand our distribution capability in the UK and internationally.’

Subject to regulatory approval, the business is expected to launch a global strategic bond fund in January.

'The global credit and currency markets appear to be distorted by, amongst other things, central bank intervention,' said Mabbutt.

'A moderation, or reversal, of such intervention one day might affect different areas of these markets in different ways. A global strategic bond fund that has the flexibility to invest across all areas of the global credit and currency markets should be an advantage.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Play Henderson's Lofthouse on merger boost and political risk

Henderson's Lofthouse on merger boost and political risk

Ben Lofthouse talks through where he is finding income and what surprises await the global economy in the new year.

Read More
Your Business: Cover Star Club

Profile: why Patronus Partners' founder left the only job he ever knew

Profile: why Patronus Partners' founder left the only job he ever knew

'There was a definite idea of how things would work out over 12 months. When we look back, that was inaccurate'

Wealth Manager on Twitter