Liontrust shuts EM Opps fund as managers exit

Liontrust Asset Management has closed its Dublin-domiciled Emerging Markets Opportunities fund and fund managers Eoghan Flanagan and James Mellersh are set to leave the firm.

The fund and its managers were acquired through the Occam acquisition made by Liontrust less than a year ago in a £1.17m deal. Liontrust confirmed Flanagan (pictured) and Mellersh are on gardening leave after the fund was shut on 4 September due its small size. At $12.9m (£8m) on the 16 August, it was considered "not economically viable" to continue running the product. Mark Williams and Carolyn Chan, who also joined via Occam and run the Asian Income fund, are unaffected and are remaining with the firm. Liontrust first announced in August it had entered into a conditional agreemen...