Submit a story
Tell us your story.
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.
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.
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.
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.
Liontrust’s concession of defeat this morning brought to a close a hostile takeover spat. What went wrong?
Ailing fund manager GAM has turned to a rebel group of shareholders for emergency funding today despite previously rebuffing the offer and favouring a takeover swoop from London-listed Liontrust.
Liontrust's lengthy and dramatic pursuit of ailing Swiss fund manager GAM appears to have come to an unsuccessful end.
A rebel group of shareholders trying to block the takeover of asset manager GAM have dramatically accused Liontrust boss John Ions of tactics “bordering illegality”.
Liontrust has secured the approval of the City watchdog for its proposed takeover of the ailing Swiss fund manager GAM Holdings. Liontrust described the approval as a “major step forward” in the team as it enables the fund manager to take control of GAM’s UK regulated entities. The green light from the Financial Conduct Authority [...]
Lonon-listed fund manager Liontrust has stretched the deadline for its potential £96m takeover of Swiss rival GAM today amid a spat with a group of rebel shareholders.
Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox.
Subscribe to get the essential daily news updates from City A.M's top stories to your inbox.