Former Liontrust fixed income managers Michael Mabbutt and Felix Martin are looking to launch a new global bond and EMD boutique firm.
The pair are currently applying for FCA authorisation for the firm which is likely to be called 1167 Capital, and they will be joined by Matthew Sethard-Wright as CEO who will also look after distribution. Mabbutt (pictured) and Martin left Liontrust in January, having joined in late 2012 from Thames River Capital. The firm closed its £33m Global Strategic Bond fund following their departure. Meanwhile, Sethard-Wright was working at emerging hedge fund Nevsky Capital until earlier this year when its founder Martin Taylor decide to return capital to his investors, and has also previous...
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