Retail redemptions continue to plague Liontrust

Liontrust has suffered another quarter of net outflows after retail investors continued to exit the manager's fund range.

Retail investors stripped £70m from Liontrust's funds over the second quarter, with group only posting £14m of gross inflows. The institutional business was better for the company, with a £7m net inflow. Liontrust has seen its assets sharply fall over the past 18 months, following the loss of star managers Jeremy Lang and William Pattisson. However, the group says it saw a £10.2m net inflow in July, helping to take its assets under management to £1.06bn at 16 August.