active management

global/emerging market bonds

Michael Mabbutt

Fund Manager & Founding Partner

Biography

Michael Mabbutt, one of the world’s most experienced emerging market fixed income fund managers, joined 1167 Capital as a founding Partner in 2016.  Michael began his career with Norwich Union in Cape Town, South Africa, in 1986, where he was the Fixed Income Manager in charge of fixed income and cash portfolios.

In 1992, Michael moved to Baring Asset Management in London as Head of Emerging Market Debt; and in July 1993, he launched one of the world’s first global EMD funds, the Baring High Yield Bond Fund.  In 1997, he joined LGT Asset Management (now Invesco) as Head of Emerging Market Debt and ran one of the largest US emerging market debt mutual funds, the GT Global High Income Fund.

In 1998, Michael joined Thames River Capital as a founding Fund Manager in charge of the Global Credit division and subsequently launched two funds which had AUM of US$2.8 billion by the time he retired from managing the funds at the end of 2007.  He remained a Consulting Partner at the firm until the end of 2012 and also consulted to Stonehage Fleming, a multi-family office.  In 2013, he joined Liontrust Asset Management as Head of Global Credit.

 

Michael graduated from the University of Cape Town in 1985 with a degree in Statistics. He also holds certificates in Finance, Investment and Actuarial Techniques from the Faculty of Actuaries in Edinburgh.

Forthcoming Events

Global High Income Bond Fund Portfolio Update

Monthly Podcast “Hear one the fund’s co-managers cover recent portfolio activity, performance attribution and immediate outlook in this monthly commentary.”

How to position for the arrival of the world’s second superpower

Please join Michael, Felix and myself on the 22nd September at 10am (UK time) as we look to provide a further update on China and its government bond market, as well as introduce the 1167 Active Funds ICAV - China Government Bond Fund that we intend to launch this November, subject to regulatory approval. Most of us are already aware of China as an equity story. Yet the surprising thing is that it is China’s government bond market which has delivered the more enviable performance relative to its G10 equivalents over the last two decades. With consistently positive yields, low capital volatility, and a proven track record as ballast when global risk assets hit rough waters, China government bonds are one of the last great undiscovered asset classes. We strongly believe that the China Government Bond Fund will be a great addition to your portfolio's and we welcome you to learn more about this exciting asset class. Click here to Register

The View from 1167

Quarterly Webcast “The quarterly Webcast series is designed to give you regular insight into what fund managers: Michael and Felix are thinking in relation to global sovereign bond and currency markets.  It will not focus on our Funds, but instead offer a forum to share our latest strategic analysis with you - and provide an opportunity for you to ask any questions you may have directly to the PMs, or indeed myself… These webcasts will be great for analysts, portfolio managers, and prospective investors alike, who may wish to benefit from our insights into this asset class that we are researching day in and day out.” Click here to Register

If you would like to register for any of our events, please enter your details and we will respond shortly.

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