Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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.
Citywire TV
Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Gutteridge puts the heat on Odey's asset allocation maestro with a couple of tough questions.

Brewin's Foster & Gutteridge: searching for the yield of dreams

Brewin's Foster & Gutteridge: searching for the yield of dreams

Guy Foster and Ben Gutteridge discuss the latest upbeat US payroll report and how it has increased the probability of a first hike in interest rates in June.

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter