Liontrust identifies further cost cuts as Q4 outflows reach £1.6bn
Firm will also overhaul 10 UK-domiciled funds to gain SDR label
John Ions
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Liontrust global distribution head Ian Chimes to retire
Head of institutional sales Frank Doyle will also exit the firm in March next year
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Liontrust to cut 25 jobs as profits dip
Liontrust will launch £4.5m in cost-saving measures over the coming months
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Liontrust non-executive chair Alastair Barbour to step down
Luke Savage to be appointed as non-executive chair on 20 September
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Liontrust’s pre-tax profit slides 23% in full-year results
Liontrust’s suite of funds saw net outflows of £6.1bn during the year
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Liontrust suffers £6.1bn net outflows and 11.5% AUM slide in full-year results
Some £4bn of investors’ money left the firm’s UK retail funds and managed portfolio services
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Liontrust suffers £1.7bn of net outflows in Q4 due to ‘negative investor sentiment’
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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Liontrust hires GAM duo and announces fund launch in bid to bolster sales
Mark Hawtin and Jeremy Roberts to join the firm months after Liontrust’s failed takeover bid for GAM
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Liontrust hit by £3.2bn outflow as UK equities funds suffer
Assets under management fell 12% over the six months to £27.7bn.
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Liontrust suffers £1.6bn of net outflows in Q3 as CEO warns of impending restructures
AUMA has fallen by 12% over six months to the end of September