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Liontrust prepares dual fund launch as assets jump 14%

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Liontrust Asset Management is set to add two more funds to its range after announcing a 14 per cent jump in assets under management for the final quarter of 2011.

The firm is launching a Dublin-domiciled European absolute alpha fund later this month under the management of Gary West and James Inglis-Jones as well as an Asian income fund, under the management of Mark Williams, on March 5, 2012.

The news comes as the group reports a 14 per cent jump in assets under management from £1,192m on October 1, 2011 to £1,364m at December 31, 2011. The group says assets under management at January 30, 2012, now stand at £1,409m.

The group has also revealed net inflows of £15m in the final quarter of 2011, bringing net inflows for the financial year to £74m. The group also made £829,000 in performance fees in the final quarter of 2011, a slight increase on the £816,000 in the final quarter of 2010.

Liontrust chief executive John Ions (pictured) says: “Net positive inflows of £15 million in the fourth quarter of 2011 were a significant achievement given that other asset managers have reported net outflows over the same period. This continues the success we have enjoyed over the past 18 months as we have now reported six successive quarters of positive net inflows.

“As a result of continued excellent performance across the fund range and the broadening of our client base, we have achieved these inflows not withstanding poor investor sentiment, especially towards UK and European equities, and volatile stock markets. The challenging environment was shown by November 2011 having the lowest monthly net sales since October 2008.”

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