As a result of the departure, Liontrust is closing the £33m ($47m, €43.4m) fund. According to the firm, dealing in the fund was suspended on 15 January 2016, and it will be wound up on 29 January, 2016.
The departure of the pair comes as a blow to the firm’s strategy of diversifying and broadening its fund range as it means the closure of its only fixed income product. Mabbutt and Martin joined at the beginning of 2013 from Thames River to set up Liontrust’s global credit team.
According to FE Analytics data the fund has returned -8.38% since launch, although over one year it has produced a return of 6.7%.
Source: FE
