Liontrust: Withdrawals accelerate as performance deteriorates Investing Investor withdrawals from Liontrust ramped up in the last quarter, with customers pulling £1.3bn and the asset manager losing £700m on poor market movements. Liontrust’s assets under management and advice fell 8.1 per cent to just £22.6bn across the first three months of the year, the firm revealed in a trading update today. Since the [...]
Liontrust: Outflows continue for money manager Investing Investors have continued to pull cash from asset manager Liontrust. In a trading update published this morning, the firm revealed that investors pulled £1.6bn from its funds in the last three months of the year. The firm revealed that assets under management fell 5.3 per cent to £24.6bn at the end of 2024. Markets had [...]
Liontrust: Asset manager launches cost-saving spree as profit shrinks Investing Liontrust’s profit continued to sink over the last six months, as the asset manager reported a 28 per cent drop in adjusted profit before tax. Despite a drop in adjusted profit before tax to £25.8m, the group pledged a share buyback programme of up to £5m over the next six months in its half-year results. [...]
Liontrust assets plunge as investors pull £1.1bn from funds October 10, 2024 Liontrust’s assets under management slumped over the summer as investors pulled £1.1bn from its funds. Every area of the asset manager’s business saw net outflows in the second quarter of its financial year, with the largest, UK retail funds and managed portfolio services, suffering a £904m exodus from investors. “We anticipated that the industry had [...]
Where next for Liontrust? June 26, 2024 Liontrust's annual results this morning were disappointing, as the asset manager reported it had fallen into the red.
City fund managers bleed assets in last quarter of 2023 January 17, 2024 Liontrust Asset Management, Rathbones and Brooks Macdonald all suffered outflows over the fourth quarter of the year, the firms revealed in stock exchange notices today.