Liontrust is planning to launch a credit fund in the third quarter, despite axing Ross Hollyman's newly-hired global equities team to concentrate on existing offerings.
The new product will be a long-only credit fund, possibly global in focus, to complement European hedge and Ucits portfolios managed by its credit specialists under head of fixed income Simon Thorp. Liontrust has canvassed intermediaries and distributors about launching the fund in September or October. Last week, Liontrust announced it was closing the global equities desk to focus instead of existing products and assets. When the team joined, then-chief executive Nigel Legge said the group’s intention was to launch global equities products for them to run. Their primary focus a...
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