The acquisition by equity-focused manager Liontrust of
credit specialist Ilex has ensured the survival of one of the
longest-running long/short European credit funds and it has
created a platform for Liontrust to expand its business
significantly into the fixed-income space at a time of
fast-growing investor interest in credit as an asset class.
The move involves the transfer of the five principal members of
the Ilex team: co-founder and chief investment officer Simon
Thorp, senior portfolio manager James Sclater and co-heads of
research Paul Owens and Quentin Peacock, along with COO Gareth
The four members of the investment team will continue to run
the Ilex Credit fund, a long/short...