LiontrustOct 11 2017

Alliance Trust acquisition boosts Liontrust AUM

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Alliance Trust acquisition boosts Liontrust AUM

Liontrust grew its assets under management (AUM) to £9.6bn, a 48 per cent increase in the six months to 30 September 2017.

That figure includes £2.5bn of assets gained from the completion of the acquisition of Alliance Trust Savings.

The assets of that part of the business have grown by 10 per cent since it was acquired by Liontrust in April.

Net inflows were £178m for Liontrust as a whole in the six months covered by this statement.

Jon Ions, chief executive of Liontrust, said: “Asset managers have some key decisions to make over the next year that will determine the shape and success of their businesses in the future.

"While making these decisions, it is imperative to have a clear vision and focus of what your clients want going forward.

"Like our investors, we have a long-term goal and are mindful that getting caught up in the short-term noise must not distract us from this."

He added the recent hiring of David Roberts and Phil Milburn, a duo of bond investors who arrived from Kames Capital, and who will commence work in January, is likely to further boost the assets of the company.

david.thorpe@ft.com