Liontrust reports ninth consecutive quarter of inflows

Liontrust Asset Management has reported its ninth consecutive quarter of fund inflows even as it posted an interim loss relating to its acquisition of Walker Crips AM.

In its half-yearly report for the six months to end-September, the group said it made a loss before tax from continuing operations of £4m, as a result of £4.9m of costs relating to its April acquisition of Walker Crips Asset Managers. The group's adjusted pre-tax profit for the period was £0.9m, up from £22,000 a year ago and in line with analyst estimates, with net inflows of £96m for the three months to end September, up from £46m last year. Net inflows for the six month period as a whole were £189m, up from £59m in the same period in 2011. Total AUM stood at £2.36bn on 30 September...