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.

Schroders' Brough doubles Liontrust stake to 30%

Schroders' Brough doubles Liontrust stake to 30%

Schroders fund manager Andy Brough has bought an additional 15% in Liontrust Asset Management, taking his total holding in the group to around 30%  

Brough bought 4,891.085 shares, or 14.52% of Liontrust which was put on the market by Fidelity International last Friday.

Brough, who manages the Schroder UK Smaller Companies and UK Mid 250 funds, has been a long term backer of Liontrust.

The acquisition, which takes his total holding in the firm to a little less than 30%, comes a week after a dire set of full year numbers from Liontrust showing a £2.8 billion fall in assets in the 12 months to the end of March. Pre-tax profit at the group was down 25% to £12.4 million.  

At 9am shares in Liontrust were up 1.75% at 101p.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Play SVM's Veitch on what's next for banks

SVM's Veitch on what's next for banks

SVM fund manager Neil Veitch is finding value in what he describes as unstable financials and talks through his favourite small caps.

Read More
Your Business: Cover Star Club

Profile: Affinity’s Julia Warrander on the importance of diversity

Profile: Affinity’s Julia Warrander on the importance of diversity

'Sometimes there are 10, sometimes 20 people around a table and, more often than not, I’m the only woman,' says the Affinity Wealth co-chief investment officer

Wealth Manager on Twitter