Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Liontrust doubles profits on 19% AUM surge

Liontrust doubles profits on 19% AUM surge

Liontrust Asset Management saw profits more than double after four consecutive quarters of net inflows that swelled assets under management by 19% to £3.6 billion.

The fund group reported adjusted pre-tax profits of £8.4 million over the year to the end of March, up 122% from £3.8 million the previous year. Pre-tax profits were £3.7 million, reversing last year's £3.9 million loss with this figure including £4.7 million of costs, which in part relate to the acquisition of North Investment Partners and its multi-asset team.

Chief executive John Ions (pictured) said: It has been a very successful year for Liontrust. Among the highlights are assets under management increasing by 19% to £3.6 billion, a further four quarters of net inflows, adjusted profit before tax rising 122% to £8.4 million, adjusted operating margin increasing by 51% to 30%, net cash growing 55% to £12 million and revenues increasing 39%.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: a Williams de Broe vet on striking out from Investec

Profile: a Williams de Broe vet on striking out from Investec

Laurence Boyle and his team became ‘somewhat of an oddity’ within Investec after joining via its acquisition of Williams de Broë

Wealth Manager on Twitter