Liontrust reports second year of net inflows

Liontrust Asset Management has reported net positive inflows of £146m for the financial year, with £72m coming through in the first quarter of 2012.

John Ions
John Ions

Assets under management grew by 14% over this same period, from £1.4 billion to £1.5 billion by March 27.

The group’s retail operations brought in £163m during the first three months of the year, against £57m in outflows.

John Ions, chief executive of Liontrust, says: “The group generated positive fund flows in every quarter, which has led to a second successive financial year of net positive flows and Liontrust’s assets under management rising from £1.34 billion on March 31 2011 to £1.55 billion on March 27 2012.”

He says: “The recent launch of the Liontrust Asia Income Fund has been well received and I am confident we will grow assets strongly in the fund going forward.

“A high quality emerging markets team also joined us from Occam, which is another asset class for which there will be strong demand in the future.”

Ions adds: “We have announced two other transactions this year. The sale of our credit business to Avoca Capital Holdings for 3.75% of assets under management and we ended the year by announcing the proposed acquisition of Walker Crips Asset Managers Limited.”

The group reports that performance fees of £1.4m were earned in the financial year.