Liontrust outflows continue to mount as AUMA sinks below £30bn

GAM costs to drag into 2024

James Baxter-Derrington
clock • 2 min read

Net outflows hit £3.2bn in the six months to 30 September, as Liontrust’s assets under management and advice sunk well below £30bn following the manager’s failed acquisition of GAM and during a sustained period of investor flight from UK assets.

AUMA fell 12% over the first half of the financial year, down from £31.4bn to £27.7bn, a figure which has since fallen further to £26.6bn as at 9 November 2023. CEO John Ions noted the majority of the manager's assets were invested in UK equities, an asset class that has long fallen out of favour with investors, to explain the hefty decline, while chair Alastair Barbour added there were inevitable "bumps, twists and turns" in a company's growth. Failed GAM bid 'will lead to restructuring' as Liontrust outflows mount "No company enjoys linear growth over many years," he said. "While...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Citi becomes minority investor in HANetf

Citi becomes minority investor in HANetf

Growing interest in European ETFs

Patrick Brusnahan
clock 03 July 2025 • 2 min read
AstraZeneca CEO mulls moving listing to the US – reports

AstraZeneca CEO mulls moving listing to the US – reports

Latest blow to LSE

Linus Uhlig
clock 02 July 2025 • 1 min read
Evelyn Partners sells fund solutions business to focus on wealth management

Evelyn Partners sells fund solutions business to focus on wealth management

75 staff to move over to Thesis

Patrick Brusnahan
clock 01 July 2025 • 1 min read
Trustpilot