Liontrust sees first inflows in two years
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Liontrust has reported its first quarter of inflows in over two years.
The group saw net inflows of £6.3m between July 1, 2010 and September 28, 2010, the first increase seen since the first quarter of 2008.
Liontrust’s assets under management now stand at £1.1bn having at one stage been near £5bn. The group has suffered on the back of a number of high profile departures from the business, notably star fund managers Jeremy Lang and William Pattisson in early 2009.
Liontrust chief executive John Ions says the inflows show that the group has started to stabilise.
He says: “We are confident we can build on these flows over the coming months given our continued strong fund performance, the appointment of Mark Allpress as head of retail distribution, greater engagement with the market place and increased profile of our funds following the start of our advertising campaign in August.”
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