Liontrust AUM accelerates 19% despite stagnant retail flows

Liontrust AUM accelerates 19% despite stagnant retail flows

 

In a business update, the group told that it grew from £4.8bn in March 2016 to 5.7bn when it closed after six months (on September 2016); an increase of about 19%. Anyhow, the increase was the end result of the fund performance and an amount of £272m was added from the acquisition of Argonaut Capital Partners, completed in last July. The group saw significant fund inflows if £92m for the 6months period, which is slightly lower than the £110m reported last year, which in turn was mainly driven by institutional flows of £77m. when the UK retail flows were just £4m, the managed portfolio services saw inflows of £10m.

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The Chief Executive, Mr John Ions told that they had enjoyed a successful first half of their financial year with their AUM increasing to £900m through a collection of positive fund flows, strong trading performance, market fluctuations and completing the acquisition of Argonaut’s UK income business. He added that they continue to benefit from having a distinct and healthy investment process, which means their fund managers do not get distracted by market fluctuations and longevity capacity. The macro strategies of Stephen Bailey and Jamie Clark, has AUM of £768, while the team led by Samantha Gleave and James Inglis-jones has £747m. While commenting on the fund performance Ions added that the healthy fund performance and the broader range of financial management gives him better confidence that he will be able to further develop the business over the rest of the financial year.

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