Global fixed income bond manager Phil Milburn (pictured) is set to retire at the end of July after an almost 30-year career.
Currently head of rates and member of the multi-asset team at Liontrust, Milburn is retiring for health reasons, with his responsibilities being absorbed by a restructured fixed income team at the firm.
Milburn spent over 20 years at Aegon Asset Management, before being part of the bond team that moved across to Liontrust in 2018.
Jon Ions, CEO at Liontrust, said: “We want to thank Phil for his significant contribution to Liontrust and wish him all the very best for a well-deserved retirement.”
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The fixed income capabilities at Liontrust are also being brought into a single team of nine managers and analysts that run assets across sustainable, investment grade, high yield, and government bonds on a global basis across risk and duration horizons. This will encompass the Sustainable Future (SF) managed range and the multi-asset funds and portfolios.
The group’s global fixed income funds – GF High Yield, GF Global Corporate Bond, GF Global Short Dated Corporate Bond and Strategic Bond funds – and SF range – SF Corporate Bond, SF Monthly Income Bond and the fixed income portion of the SF managed funds – will now fall under this single team. There will be no changes to the fund names or investment processes.
Ions said: “Liontrust’s expanded fixed income capability will be of great benefit to our clients. The team will now be better able to leverage their expertise and research across the different fixed income asset classes and markets and to expand the strategies we can offer.”
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Additionally, all the equity analysts within the sustainable investment team will now report to Simon Clements, who also becomes co-fund manager of the SF European Growth, GF SF Pan European Growth, UK Ethical and SF UK Growth funds alongside head of the sustainable investment team Peter Michaelis, with Martyn Jones now leading on thematic equity research on a global basis.
