Liontrust

John Ions, chief executive of Liontrust, has warned asset managers they face a threat from the growing power of distributors as the RDR approaches.

Liontrust Asset Management has hired Samantha Gleave from Bank of America Merrill Lynch as the third manager on its European team.

THE BIQ QUESTION

Liontrust Asset Management has closed its Dublin-domiciled Emerging Markets Opportunities fund and fund managers Eoghan Flanagan and James Mellersh are set to leave the firm.

Liontrust is to launch low-cost share classes aimed at wealth managers across Jan Luthman and Stephen Bailey's Macro fund range, as part of an administration change which will also see the group drop Capita as its authorised fund manager.

Liontrust's macro fund managers Stephen Bailey and Jan Luthman have sold out of Nestlé just six weeks after making their initial purchase.

Liontrust has chalked up its eighth successive quarter of net inflows for the three months to 30 June 2012 as it builds on its acquisition of Walker Crips.

Former Ardevora partner Rob Page is to join Hermes Fund Managers as head of marketing and communications, as the institutional house pushes into the UK wholesale market for the first time.

Mickey Morrissey, head of third party distribution at Liontrust Asset Management, has exited the firm.

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.