Liontrust blames market movements as AUM falls

Liontrust has blamed stock market movements for a fall in its assets under management between April and September, but has reported a positive net inflow for the period.

In its trading update for the period 1 April 2011 to 27 September 2011, the group reported AUM of £1.179bn, down 6.13% from £1.256bn on 31 March this year. The ‘Cashflow Solution’ investment process accounts for the most assets, with £765m under management across James Inglis-Jones and Gary West’s European and Income funds; followed by ‘Economic Advantage’, implemented on Anthony Cross and Julian Fosh’s UK funds. Liontrust saw a new inflow of £45m in the quarter to date, its fifth successive quarter of positive net sales, and £58m over the reporting period, but market movements saw it...