Liontrust suffered £1.6bn in outflows during the last three months of the financial year, the firm revealed in a quarterly trading update today (14 July).
Assets under management for the firm sat at £29.5bn by 30 June, the firm said, a 6% decrease over the quarter. This had fallen to £29bn as of 12 July, it added. The drop in AUM largely came from continued net outflows, the firm said, though £294m came from market and investment performance. Liontrust launches sustainable US growth fund The firm also noted that the £1.6bn in outflows included £516m related to the firm's Tortoise funds after the resignation of managers Matthew Smith and Tom Morris. John Ions, chief executive of the firm, said that the last quarter "continued to sh...
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