That sum brought net inflows for the financial year to 31 December to £282m and total assets under management to £6bn, up 25% compared to the figure at 31 March 2016.
The company also confirmed the proposed acquisition of Alliance Trust Investments announced in December 2016 is expected to complete in April 2017, adding another £2.3bn of assets.
Liontrust also said the ‘investment in its internal infrastructure’ including a new dealing system, integration of sales and marketing systems is progressing, and confirmed Ian Chimes will take up his role as head of global distribution in February.
Chief executive John Ions said: “We enjoyed a strong last three months of 2016 with net inflows of £190 million and our AuM breaking through £6 billion. This continued growth reflects the excellent long-term performance across our fund management teams and is a testament to our focus on robust investment processes and expanding our client base.”
“Our acquisition of ATI, which is expected to complete in April 2017, is anticipated to add around £2.3 billion to our AuM and extends further our investment capability while broadening our distribution,” he added. “The asset management industry is facing a number of significant challenges and opportunities as we enter 2017, including through regulatory, political and economic changes. We are well placed to deal with the challenges and to exploit the opportunities during this unprecedented environment given the ongoing development of the business.”
