Liontrust has seen assets hit £3.6bn even though its net inflows were down compared with the previous financial year.
The group said the net inflows for the financial year to March 31 were £381m compared with £514m in the 2012/2013 financial year.
In the first quarter of 2014, the group said it had recorded net inflows of £16m, down from £261m for the same period in 2013. The company said the 2014 figure included lower fee margin redemptions of £196m from a single client in the group’s Global Strategic Bond fund.
The group’s retail funds secured the bulk of the net inflows at £293m for the financial year while its multi asset team was awarded a £54m mandate in the first three months of 2014.
John Ions, chief executive, said the three months to the end of March had been the “best quarter for net inflows in our UK retail funds for 10 years”.
“The further diversification of our business is shown by the fact the assets under management for five of our fund management teams has grown in the latest quarter,” he said.
“Our sixth team - Global Credit - has been impacted by a specific larger client withdrawing assets as a result of conditions in emerging markets.
“At present, 95 per cent of our sales success has come from our domestic market but we see significant opportunities for distribution outside the UK.”
Mr Ions said the group was launching four Dublin-based feeder funds for its Macro Equity Income, Asia Income, Global Income and UK Growth funds in a bid to boost international distribution.
He added the fact the group had been chosen by Standard Life to be a “key fund management group” for promotion through their account managers showed the group’s “significant progress” in the past four years.
