Chief investment officer Simon Thorp, senior portfolio manager James Sclater, co-heads of research Paul Owens and Quentin Peacock and chief operating officer Gareth Roblin will join Liontrust.
The team manages the Cayman Islands-domiciled long/short Ilex credit fund and Liontrust International has entered into an agreement with Ilex to acquire the investment management contract for the fund.
The fund, which was launched to take advantage of the investment opportunities created by the introduction of the euro, has used a consistent investment process for the past nine years which will be documented at Liontrust.
Liontrust intends to launch a number of collective investment vehicles that will adopt this process, including further alternative investment funds, authorised unit trusts and offshore funds.
It will offer the fixed income investment process used by the team to the institutional market via segregated accounts and pooled institutional funds.
Liontrust chief executive Nigel Legge says: “Recruiting Simon Thorp and the team is a key part of our future strategy.
“The fixed income team will also document its investment process and we will then launch other products, including long only funds, for them to manage. It is a great time to add fixed income expertise.”