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Liontrust reports net inflows of £189m

John Ions 440

Liontrust Asset Management has reported net inflows of £189m in the six months to 30 September.

The figure is up 220 per cent on the £59m of inflows for the same period in 2011.

Liontrust has reported a pre-tax loss of £4m in the six months to 30 September, compared to a £200,000 profit in the same period in 2011. The loss relates to the £4.9m acquisition of Walker Crips Asset Managers. Adjusted profit before tax stood at £900,000.

The group has also revealed a 55 per cent rise in assets under management, up from £1.19bn to £2.36bn.

Performance fees made by the asset manager stood at £20,000 in the six months to 30 September, down from £576,000 for the same period in 2011. Liontrust says £119,000 of these related to the disposal of its credit business in June 2011.

Liontrust chief executive John Ions (pictured) says: “We have maintained our focus on broadening and deepening our relationships with institutional and intermediary clients. This will take on even greater importance in the post-RDR world as fewer and more powerful distributors emerge who will control ever increasing amounts of fund flows.”

Bestinvest managing director Jason Hollands says: “The acquisition of Walker Crips Asset Managers was a sensible bolt-on deal for Liontrust, with low execution risk in my view and the potential to be highly accretive to earnings.”

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