EquitiesOct 8 2014

Liontrust inflows offset negative markets

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Liontrust has seen its assets under management rise to £3.8bn in the first half in spite of challenging market conditions.

The group said it saw net inflows of £284m in the six months to September 30 in spite of market movements and investment performance knocking £79m off its assets.

The company also said it had been awarded a UK equity income segregated mandate of £320m, which was not included in the most recent figures, but which will push the group’s assets to £4.1bn.

Chief executive John Ions said the group had also expanded its distribution capability outside of the UK after recruiting a co-head of international sales, James Beddall. from F&C Investments. He will work alongside Jonathan Hughes-Morgan in setting up an office in Luxembourg.

“This has been another successful six months for Liontrust with net inflows of £284m against a difficult background of increasing political and economic uncertainty,” Mr Ions said.

“The strength of our fund management capability has been demonstrated further through our macro-thematic team being granted a £320m institutional mandate that will take our assets under management above £4.1bn and the assets managed by the team above £1bn during the third quarter of our financial year.”

Mr Ions added the company was “actively looking” for fund management teams which would appeal to the whole sale market in Continental Europe.

“This development, combined with broadening our client base in the UK and our strong long-term fund performance, gives me great confidence that we will continue to generate positive inflows,” Mr Ions added.