Liontrust: Asset manager launches cost-saving spree as profit shrinks Investing Liontrust’s profit continued to sink over the last six months, as the asset manager reported a 28 per cent drop in adjusted profit before tax. Despite a drop in adjusted profit before tax to £25.8m, the group pledged a share buyback programme of up to £5m over the next six months in its half-year results. [...]
Liontrust assets plunge as investors pull £1.1bn from funds Investing Liontrust’s assets under management slumped over the summer as investors pulled £1.1bn from its funds. Every area of the asset manager’s business saw net outflows in the second quarter of its financial year, with the largest, UK retail funds and managed portfolio services, suffering a £904m exodus from investors. “We anticipated that the industry had [...]
Where next for Liontrust? Investment Liontrust's annual results this morning were disappointing, as the asset manager reported it had fallen into the red.
Liontrust falls into red as performance fee revenue collapses June 26, 2024 Liontrust fell into the red this year after investors pulled over £6bn from its funds, up from the already brutal £4.8bn the year before.
Liontrust continues to struggle with investor outflows despite positive fund returns April 17, 2024 Investors continued to pull money from Liontrust’s funds in the first quarter of 2024. In a trading update issued this morning, the asset manager said it had recorded £1.2bn in outflows during the first quarter of 2024. Despite the massive withdrawals, the company’s assets under management stayed flat during the quarter at £27.8bn. A total [...]
When will Liontrust stop trying to buy companies? March 14, 2024 Liontrust has a problem – they can’t stop trying to buy companies. Majedie Asset Management, Neptune Investment Management, the infamous failed takeover of GAM – and now Artemis. Reports came out from the FT this week that Liontrust and Artemis had been in talks over an acquisition, which would have made it the eighth asset [...]
Liontrust starts search for new chair following GAM fiasco January 25, 2024 Liontrust has begun to search for a new chair following its failure to purchase Swiss asset manager GAM last year. Alastair Barbour, who has sat on the firm’s board for 13 years and has been chair of the asset manager since September 2019, is set to be replaced. Sky News reported that Liontrust had been [...]
Liontrust raids GAM staff after failed takeover bid January 17, 2024 GAM head of global equity Mark Hawtin has now been hired by Liontrust itself to begin in May. The manager will also bring his investment team, with David Goodman, Kevin Kruczynski and Pieran Maru all set to join.
City fund managers bleed assets in last quarter of 2023 January 17, 2024 Liontrust Asset Management, Rathbones and Brooks Macdonald all suffered outflows over the fourth quarter of the year, the firms revealed in stock exchange notices today.
Liontrust swings to interim loss as outflows top £3bn November 16, 2023 Liontrust reported a pretax loss of £10.1m in the six months ended September 30. Assets under management dipped 12 per cent to £27.7bn.