Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a731821

Schroders lifts Liontrust stake to 23%

by Dylan Lobo on Feb 03, 2014 at 13:55

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 here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment


With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Look up the funds

  • Schroder UK Smaller Companies Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Schroder UK Mid 250 Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the shares

  • Liontrust Asset Management PLC
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the fund managers

  • Andrew Brough
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

Archive

On the road

Click here to find out more from the Audience Development team.

Read more...

How is regulation feeding the outsourcing trend?

on Jul 24, 2014 at 10:59

Sorry, this link is not
quite ready yet