Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Schroders lifts Liontrust stake to 23%

Schroders lifts Liontrust stake to 23%

Schroders has bought another million shares in Liontrust Asset Management.

According to an announcement on the London Stock Exchange, the firm increased its holding in the boutique on 30 January from 8.96 million shares to around 10.1 million shares. The move raises Schroders total holding to just shy of 23% worth around £25 million.

The purchase is likely to have been made by Andy Brough, who is long-term admirer of the firm.

He initially bought into Liontrust through his UK Smaller Companies and UK Mid Cap 250 funds on its listing in 1999 and has maintained the stake to varying degrees since.

Brough's interest in the firm was as high as 30% at one point after he bought a 14.5% stake in the firm from Fidelity International in June 2009.

The purchase follows a trading update from Liontrust in which it revealed assets under manager had passed the £3.5 billion mark on the back of an inflow of a £200 million in the fourth quarter.

Shortly before midday shares in Liontrust were trading 2p higher at 249p.

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 JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter