Liontrust Asset Management posted a net inflow of £160 million in the first three months of the year.
This lifted inflows for its financial year to £293 million and helped assets under management rise by £574 million to £3.6 billion.
Flows were boosted by the award of a £54 million mandate to its multi-asset team. This offset a ‘large’ withdrawal from its global credit team, which the group attributed to the adverse conditions in emerging markets.
A distribution agreement with Standard Life has left Liontrust chief executive John Ions (pictured) confident the firm can continue to grow assets.
‘The strength of our proposition is shown by the fact we have been chosen by Standard Life to be one of the key fund management groups they will be promoting through their account managers across the UK,’ Ions told the stockmarket.
‘The fact that we are entering into a deeper partnership with such an important distributor as Standard Life demonstrates the significant progress we have made in developing Liontrust over the past four years.’
Ions also believes his firm is well placed to take advantage of the major overhaul in savings at last month’s Budget, which saw an increase in the ISA allowance and big changes in pensions.
‘The outlook for asset managers has only been enhanced by changes in the recent UK Budget and our belief that managers with clear and robust investment processes and demonstrable track records will benefit as funds continue to be the building blocks for long-term saving,' he said.