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Liontrust inflows double in one year

Liontrust Asset management has seen net flows double over the course of the last year to £1bn.

The group’s assets under management have jumped 61 per cent in the year, according to the firm’s Q1 trading update this morning.

The group’s AUM currently stands at £10.5bn and it has seen £255m net inflows in the three months to 31 March 2018.

Overall, the group recorded net inflows of £1bn in the year to 31 March 2018, compared to £482m in 2017.

Liontrust has acquired a sustainable investment team from Alliance Trust, which consists of a team of six including Peter Michaelis and Simon Clements who had previously been at Aviva Investors, which has seen the team’s AUM increased to nearly £3bn.

The start of this year also saw the hires of David Roberts and Phil Milburn from Kames Capital and Donald Phillips from Baillie Gifford to expand its fixed income team.

Liontrust chief executive John Ions says: “The asset management industry is under immense scrutiny from both regulators and, more importantly, investors. This is a time of great opportunity, however, and the successful companies will offer strong long-term performance in line with client expectations combined with first class service and communication.

“By continuing to focus on these core objectives, we can engender trust, retain investor loyalty and look forward with confidence.”

Liontrust had the 11th largest net retail sales in the UK in 2017 and had the 13th largest total net sales, according to the Pridham Report.
Old Mutual Global Investors was the top-selling fund house in 2017, reporting inflows of £3.4bn.

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