Shares in Liontrust Asset Management surged 15% after the firm reported a stronger set of numbers than expected by the market.
The move brought the share price to 339p, for a market cap of £200m.
The asset manager said it has trimmed net outflows to £276m in the quarter to 19 June, with total assets under management at £21.45bn.
The net flows figures were bolstered by gross institutional inflows of £500m in the quarter.
Recent acquisition River Global had total assets of £2.96bn on 19 June, with net inflows of £39m in the quarter.
Gross profit for Liontrust as a whole was £123m, with adjusted profit before tax of £30.5m.
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John Ions, chief executive (pictured), said: “The improvement in Liontrust’s flows over the past nine months is testament to the expansion of our distribution internationally and broadening of client types.
“This reflects the significant development at Liontrust over the past couple of years, with net outflows now at £276m for the current quarter with one week to go, and strategies such as cashflow solution benefiting from both strong performance and client diversification.
“The acquisition of River Global Holdings is expected to complete on 30 June 2026 and this will accelerate the further diversification of the Liontrust business. RGH will add to our investment talent and styles, which will enable us to broaden distribution, meeting client demand that we could not do so before.”
Ions added he considers the firm strongly positioned to deliver future growth, with expansion of the client base and distribution globally, and a broadening pipeline.
