Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Liontrust tumbles 9% after boss Ions sells £1m stake

Liontrust tumbles 9% after boss Ions sells £1m stake

Shares in Liontrust have stumbled after it emerged chief executive John Ions had sold a £1 million stake.

According to a filing on the London Stock Exchange, Ions (pictured) sold 500,000 shares in the investment boutique at 230p each, netting £1.15 million.

Chair Adrian Collins also trimmed his exposure to the firm, selling a £230,000 interest. The fall leaves the firm trading at a 52-week low and 27% below a year-high of 285p.

In a trading update released at the start of last month Liontrust said it had attracted £190 million in net inflows in the second quarter, propelling its assets under management to £3.8 billion.

Ions said in a statement accompanying the update: 'Liontrust continues to make good progress. Our strategy, combined with the talent at Liontrust to execute it, puts us in an excellent position to capitalise on the opportunities ahead.'


Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
1 Comment Play CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

Do not miss the first two minutes of this film as Richard Buxton shares how he has been challenged by a client for owning shares in a certain company.

Play CEO Tapes: the huge opportunities for asset managers

CEO Tapes: the huge opportunities for asset managers

From tech disruption, retirement and poaching, the CEO discuss the opportunities for their businesses in this episode.

Play CEO Tapes: 'we're just a bunch of white dudes sitting here'

CEO Tapes: 'we're just a bunch of white dudes sitting here'

In our brand new series, eight CEOs discuss how the industry could do a better job for female fund managers.

Read More
Wealth Manager on Twitter