Hedge Funds

Liontrust expands into fixed-income


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.

Simon Thorp

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 Roblin.

The four