Liontrust assets down 8% in Q4

Liontrust reported assets fell by about 8% to £1.2bn in the final quarter of last year.

Commenting on Q4 UK retail fund flows the group says: "We enjoyed positive net inflows into the Liontrust Continental Europe fund, the Liontrust European Absolute Return fund and the Liontrust First Opportunities fund. Other UK retail funds suffered outflows." The group also announced a wide-ranging cost reduction program to save administration costs of £2.5m a year. It says this will include the closure of [its] North American sales and marketing office, a reduction in other employment and operating costs, and restructuring the group's UK operating subsidiaries into limited liability...