Liontrust outflows continue

Liontrust saw a £70m outflow of retail money in the second quarter of the year compared with inflows of £14m.

British retail assets under management stood at £662m as of June 30, compared with £772m the previous quarter.

Liontrust’s interim management statement, published today, revealed that the departure of Nigel Legge, chief executive, in May, cost the firm £665,000 which includes severance compensation. (article continues below)

Total assets under management stood at 1,013m, compared with £1,149m the previous quarter.