Walker Crips Group has made £6.6m after crystallising convertible loan stock issued to it as part of Liontrust's 2012 acquisition of its asset management arm.
Walker Crips is launching what it says is the UK's first regulated bridging finance investment fund for its newly created alternative investments division.
Walker Crips has agreed to sell corporate advice subsidiary Keith, Bayley, Rogers & Co to BMV Investments as it focuses on core businesses.
Oliver Brind has joined Walker Crips as a director on the investment management team.
Liontrust is proposing to merge the Macro UK High Alpha fund into its Macro UK Growth fund due to the "sub-optimal" size of the high alpha vehicle.
Walker Crips Investment Management has launched a discretionary portfolio service aimed at advisers in a move to expand its business.
Mickey Morrissey, head of third party distribution at Liontrust Asset Management, has exited the firm.
Liontrust Asset Management has posted a loss after tax over the year to March following a series of acquisitions for the firm over the last 12 months.