Liontrust's chief executive John Ions said he hired Thames River's former credit head - just 18 months after selling Liontrust's existing credit arm - for its global specialism.
Yesterday the group announced Michael Mabbutt will be joining the firm in January 2013 to launch a Global Strategic Bond fund. Ions (pictured) said there will be further hires for his team, with one joining in the first quarter, and more funds added to the range. At the time of the sale of the previous credit business in April 2011, Ions said the group was not ruling itself out from running credit funds in the future. The previous five-person credit team, led by Simon Thorp, and the assets in the Liontrust Credit Absolute Return fund and Liontrust Credit fund, totalling £85m, were ...
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