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 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investors over the long term and we continue to believe that this strict adherence to process will be rewarded as QE is withdrawn and there is a return to an increased focus on company fundamentals.’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
27/161 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 26.17%
Julian Fosh
Julian Fosh
26/161 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 26.17%
Stephen Bailey
Stephen Bailey
63/81 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 15.74%
Jan Luthman
Jan Luthman
64/81 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 15.74%
Citywire TV
Play HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: how to control your destiny in an age of regulation

Profile: how to control your destiny in an age of regulation

‘RDR was good news to us because it aligned our practices with the industry,’ says Courtiers boss Jamie Shepperd

Wealth Manager on Twitter