Net inflows reached £514m in the period, a significant increase from the £152m in the previous year. AUM increased from £1.5bn to £3bn and performance fees dropped from £3.4m to £1.3m over the same period, according to the firm’s end of year results.
Adjusted pre-tax profits were up to £3.8m, compared to £1m last year, although ongoing costs following its acquisition of Walker Crips Asset Management led to a loss before tax. The deal, worth £7.7m, was completed in April last year.
Liontrust is also paying out its first dividend since December 2009, with investors acquiring 1p per share.
The move marks the continued recovery of the asset manager following the departure of star managers Jeremy Lang and William Patterson in January 2009.
