Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

What rotation? Liontrust raises £120m for Mabbutt's global bond fund

What rotation? Liontrust raises £120m for Mabbutt's global bond fund

Liontrust Asset Management has defied the 'great rotation' and raised £120 million for Michael Mabbutt's new global bond fund.

The Dublin-domiciled Liontrust GF Global Strategic Bond, which was launched by Mabbutt on 6 February, has attracted most of this interest from wealth managers.   

Mabbutt combines top down and bottom-up strategies to find investments for the fund. He has the flexibility to invest across the globe and within in any credit type, including unrated instruments.

Liontrust will be particularly pleased with fund-raising given the general lack of sentiment towards bond funds at the moment.

This was confirmed by annual figures from the Investment Management Association, which showed equity fund sales outstripped their bond counterparts in each of the last four months of 2012.   

To empahise this trend, the rotation out of bonds into equities is one of the highest conviction themes at Bank of America Merrill Lynch.

Liontrust recruited Mabbutt, who was one of the co-founders Thames River, at the end of last year to launch a global credit division for the firm.

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 Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter