Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Liontrust passes £3.5bn on £200m inflow

Liontrust passes £3.5bn on £200m inflow

Inflows of nearly £200 million in the fourth quarter of 2013 helped ease Liontrust’s assets under management past the £3.5 billion mark.

Liontrust now manages £3.6 billion, up 6% from the end of September, with £2.5 billion of that held in UK retail funds.

The group noted that within the aggregate growth, the loss of two low-mandate institutional mandates had been almost offset by the acquisition of John Husselbee’s multi-asset team from North. Excluding these one-off events, though, flows were also positive.

It was a tough period for some of the firm's strategies, however, as funds including the flagship £1.1 billion Liontrust Special Situations run by Citywire AA-rated Anthony Cross and Julian Fosh slipped into their sectors' fourth quartiles on a one-year view. Special Situations nevertheless remains in the top quartile over three and five years.

‘Fund performance in 2013 was not as strong on a relative basis due to the impact of QE in boosting lower quality stocks,’ commented John Ions, Liontrust’s chief executive.

‘Our investment processes have proved their ability to deliver attractive returns to our investors over the long term and we continue to believe that this strict adherence to process will be rewarded as QE is withdrawn and there is a return to an increased focus on company fundamentals.’

He commended too the return of the Citywire Selection Liontrust Macro Equity Income fund, managed by Stephen Bailey and Jan Luthman, to Sanlam's White List after a year of first-quartile performance.

Ions (pictured) confirmed that he expected Liontrust’s profits to be in line with market expectations.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Anthony Cross
Anthony Cross
99/151 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 47.34%
Julian Fosh
Julian Fosh
98/151 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 47.34%
Stephen Bailey
Stephen Bailey
52/79 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 50.91%
Jan Luthman
Jan Luthman
53/79 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 50.91%
Citywire TV
Citywire TV
Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Play Dangerous daisy chains, Black Friday blues and Uber valuations

Dangerous daisy chains, Black Friday blues and Uber valuations

This week’s Investment Pulse looks at the domino effect in European banks, America’s disappointing Black Friday and how much Uber is really worth.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter