Liontrust posts loss for year but sees inflows double

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.

In its results for the year ended 31 March 2012, the group revealed it made a loss of £200,000 over the reporting period, compared to a loss of £4.6m in 2011. However, the boutique made adjusted profit before tax of £1m, compared to a loss of £1.7m last year, beating analysts' expectations. Assets under management edged up from £1.3bn in 2011 to £1.5bn over the year to March, but stood at £2.1bn in June following the acquisition of Walker Crips Asset Managers. Liontrust saw a net inflow of £152m over the year, almost double the £81m figure for 2011.In the second quarter so far, it ...