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 £6 billion AUM on record inflows

Liontrust passes £6 billion AUM on record inflows

Liontrust saw £190 million of net inflows in the last three months of 2016, which resulted in assets under management passing the £6 billion mark. 

Year-on-year this is a 259% increase compared to the £53 million inflows in 2015.

This brings the total for the financial year to December 2016 to £282 million. The UK retail business saw the majority of inflows, which is up from £163 million in the period between 1 April to 31 December 2015.

In a trading update, the company said that it is continuing to invest in its internal infrastructure which includes the implementation of a new dealing system.

It is also integrating its sales and marketing teams following the recent appointment of Ian Chimes from Miton as head of global distribution. 

Chief executive John Ions (pictured), said: ‘This continued growth reflects the excellent long-term performance across our fund management teams and is a testament to our focus on robust investment processes and expanding our client base.

‘The asset management industry is facing a number of significant challenges and opportunities as we enter 2017, including through regulatory, political and economic changes. We are well placed to deal with the challenges and to exploit the opportunities during this unprecedented environment given the ongoing development of the business.’

Last month, the asset manager announced the acquisition of Alliance Trust Investments for £30 million. The company revealed that the deal, which will add around £2.3 billion to Liontrust's assets, is expected to complete in April.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
CIO Tapes 2: two warnings and a lot of optimism

CIO Tapes 2: two warnings and a lot of optimism

Our group of leading asset management CIOs see a lot of opportunities – and overseas investors are buying UK too

Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Read More
Your Business: Cover Star Club

Profile: Thomas Miller explains its post-restructure plans

Profile: Thomas Miller explains its post-restructure plans

Thomas Miller Investment’s (TMI) head of wealth Matt Phillips has strong opinions about many things

Wealth Manager on Twitter