Liontrust outflows continue
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Liontrust saw a £70m outflow of retail money in the second quarter of the year compared in inflows of £14m.
UK retail assets under management stood at £662m as of June 30, 2010, compared to £772m the previous quarter.
Liontrust’s interim management statement, published today, revealed the departure of chief executive Nigel Legge in May cost the firm £665,000 which includes severance compensation.
Total assets under management stood at 1,013m, compared to £1,149m the previous quarter.
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