Schroder's mid-cap manager Andy Brough has been given a boost from his stake in fellow asset manager Liontrust after its shares soared 10% in early trading today.
Liontrust - which reported inflows had quadrupled to £64m in Q4 - saw shares jump 9.7% or 12.5p, to 142p this morning after delivering its latest update to the market. The group's net inflows for the financial year to 31 December 2012 reached £253m, over three times higher than the same period the previous year. Retail net inflows were £147m over Q4, but there were net outflows of £53m from the institutional business and £30m from offshore. Assets under management (AUM) at close of business on 31 December 2012 were £2.53bn, up 65% since 31 March 2012. The jump in share price ha...
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