GAM: Asset manager’s losses spiral after Liontrust deal collapse March 27, 2024 Swiss asset manager GAM has reported heavy losses in its annual results, after a tumultous year that saw its potential takeover by Liontrust crash and burn. Investors pulled billions from the embattled asset manager throughout the year, leading to lower revenues from fees for a company that was already in poor shape to begin with. [...]
When will Liontrust stop trying to buy companies? March 14, 2024 Liontrust has a problem – they can’t stop trying to buy companies. Majedie Asset Management, Neptune Investment Management, the infamous failed takeover of GAM – and now Artemis. Reports came out from the FT this week that Liontrust and Artemis had been in talks over an acquisition, which would have made it the eighth asset [...]
Liontrust starts search for new chair following GAM fiasco January 25, 2024 Liontrust has begun to search for a new chair following its failure to purchase Swiss asset manager GAM last year. Alastair Barbour, who has sat on the firm’s board for 13 years and has been chair of the asset manager since September 2019, is set to be replaced. Sky News reported that Liontrust had been [...]
Liontrust raids GAM staff after failed takeover bid January 17, 2024 GAM head of global equity Mark Hawtin has now been hired by Liontrust itself to begin in May. The manager will also bring his investment team, with David Goodman, Kevin Kruczynski and Pieran Maru all set to join.
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.
Liontrust swings to interim loss as outflows top £3bn November 16, 2023 Liontrust reported a pretax loss of £10.1m in the six months ended September 30. Assets under management dipped 12 per cent to £27.7bn.
Liontrust and Ashmore feel the squeeze as volatility rocks London’s asset managers November 3, 2023 London’s asset managers have been rocked by a “complete lack of investor confidence” over the summer as soaring inflation and market turmoil chokes off the flow of cash into firms like Liontrust and Ashmore, analysts have said.
Liontrust braced for rebellion as bosses face shareholders after GAM debacle September 19, 2023 Fund manager Liontrust is braced for a potential revolt over the paypacket of its bosses this week as it faces a fractious meeting with shareholders following its collapsed takeover of GAM.
Rebel GAM shareholders cough up £18m and push through boardroom clearout after Liontrust deal implodes August 29, 2023 The rebel investor group that disrupted Liontrust’s takeover of GAM has agreed to cough up CHF 20m (£17.9m) and push through a total boardroom shake-up today.
Explainer: Why did Liontrust’s bid for ailing Swiss fund manager GAM collapse? August 24, 2023 Liontrust’s concession of defeat this morning brought to a close a hostile takeover spat. What went wrong?