Liontrust posts 240% jump in net inflows

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Liontrust Asset Management saw net inflows jump by close to 240 per cent over the year ending 31 March 2013, with the amount of money run by the firm doubling.

According to the fund manager’s full-year results, the company benefitted from net inflows of £514m over the 12-month period – up from £152m one year before.

Liontrust’s assets under management rose from £1.5bn to £3bn during the year, while performance fees were down from £3.4m to £1.3m.

Liontrust chief executive John Ions says: “It is particularly pleasing to see the faith our customers have shown by placing assets with us and that our success has been recognised by the many independent awards for Liontrust’s funds and the business over the past year.”

Adjusted pre-tax profits advanced from £1m to £3.8m on the back of net inflows tripling to £514 million, but the firm posted a loss before tax from continuing operations of £3.9m following the £7.7m acquisition of Walker Crips Asset Management.

The asset manager also announced dividend of 1p per share, which is its first payout since December 2009.

Bestinvest managing director of business development and communications Jason Hollands says: “Liontrust have delivered a strong set of numbers this morning, with significant growth in underlying earnings per share and a return to paying dividends.

“This is a credit to the new management installed in 2010 and a reflection of across board strong performance of its products. Furthermore it has achieved this during a period when many intermediaries have favoured larger groups over boutiques.”