Liontrust loses £1bn in first week of April
The firm lost more assets by April than it did in the whole of 2024 as holdings slide 12.2% amid US tariff volatility
The firm lost more assets by April than it did in the whole of 2024 as holdings slide 12.2% amid US tariff volatility
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Phil Rosenberg will expand Liontrust’s client base in the Middle East and Asia after 14 years at GAM Investments
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Firm will also overhaul 10 UK-domiciled funds to gain SDR label
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Head of institutional sales Frank Doyle will also exit the firm in March next year
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Liontrust will launch £4.5m in cost-saving measures over the coming months
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Luke Savage to be appointed as non-executive chair on 20 September
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Liontrust’s suite of funds saw net outflows of £6.1bn during the year
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Some £4bn of investors’ money left the firm’s UK retail funds and managed portfolio services
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The firm’s UK retail funds and model portfolio service was hardest hit, having suffered a net outflow of £1.4bn
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Mark Hawtin and Jeremy Roberts to join the firm months after Liontrust’s failed takeover bid for GAM
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Assets under management fell 12% over the six months to £27.7bn.
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AUMA has fallen by 12% over six months to the end of September
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