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Liontrust shuts bond fund after managers quit

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Liontrust Asset Management is to shut down its GF Global Strategic Bond fund in the wake of the resignation of the portfolio’s co-managers Michael Mabbutt and Felix Martin.

Dealing in the £33m Dublin-based vehicle was suspended on 15 January and it is set to be wound up on 29 January, after which all money will be returned to its investors.

The portfolio was only launched on 6 February 2013 and since then has delivered a flat return versus a peer group average of 3 per cent.

Liontrust chief executive John Ions 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.”

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