Liontrust is adding two new funds as assets leap

Liontrust Asset Management is adding two more funds to its range following a 14 per cent increase 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 on March 5 under the management of Mark Williams.

Williams joined Liontrust as part of its acquisition of Occam Asset Management in October.

The group’s assets under management increased from £1.2bn on October 1 to £1.4bn on December 31. It says assets under management at January 30 stood at £1.4bn.

Net inflows were £15m in the final quarter of 2011 and £74m for the year to December 31.

It 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.
Chief executive John Ions says: “Net positive inflows of £15m 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.

“We have achieved these inflows not withstanding poor investor sentiment, especially towards UK and European equities and volatile stockmarkets.”

Hargreaves Lansdown senior analyst Meera Patel says: “It makes sense to launch an Asian income fund following Liontrust’s acquisition of Occam last year. The Occam team is still an unknown quantity in the retail area so it will be interesting to see how the fund does.”