ASSET-management firm Liontrust reported a pre-tax loss of £1.6m in the six months to 30 September according to an earnings report released yesterday.
Despite the loss, the firm saw its first net investment inflows in six years. Investors moved £90m into Liontrust products last quarter, and have already invested £76m since October. Total assets under management now amount to £1.24 bn.
Vinay Abrol, chief financial officer and chief operating officer, said: “We are moving in the right direction because we have a sound marketing strategy.”
He added: “Our shareholders are very supportive, and we have a robust cash balance.”
The company offers unit trusts and hedge fund products in the UK and continental Europe.
Liontrust inflows increased after a strong performance of its funds in recent months.
Major brokerage house Hargreaves Lansdown also helped increase inflows after it recommended Liontrust’s European Absolute Return fund.
Its shares closed down 1.5p at 92.50p, yesterday.