Liontrust doubles asset base

Listed money manager Liontrust yesterday said it had almost doubled assets over the past year after recording net inflows of £486m. Assets under management now stand at close to £3bn, up from £1.5bn, helped by £581m of assets it took under its wing when it bought fellow money manager Walker Crips last year. The news was given the thumbs up by investors yesterday, who lifted its share price by two per cent.