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.

Related Fund Managers

Andrew Brough
Andrew Brough
21/49 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 49.12%
Your Business: Cover Star Club

Profile: how poet Feeney helped Old Mutual Wealth blossom

Profile: how poet Feeney helped Old Mutual Wealth blossom

Old Mutual Wealth's boss resorted to a somewhat unconventional medium to deliver his vision for the national wealth giant.

Wealth Manager on Twitter