Walker Crips Group has sold out of Liontrust, cashing in further on the disposal of its asset management business earlier this year, while Liontrust director Jonathan Hughes-Morgan has boosted his share in the company by 25%.
Liontrust has reported a 54% increase in revenues year-on-year to 31 March, though still posted a loss of £200,000 after tax.
Liontrust is to rebrand the Walker Crips funds it acquired a month ago.
Liontrust’s year-end results show the company continuing to move in the right direction in terms its strategy and its fund flows.
Just over three years since Lang and Pattisson departed Liontrust, the asset manager has announced its second acquisition in six months, taking its AUM back over £2bn. Under the tenure of John Ions the firm has undergone a remarkable recovery, but he is not finished yet, not by any means.
Liontrust saw both sales and assets under management jump in the final quarter of 2011, as it saw its sixth successive quarter of inflows.
Former Liontrust CEO Nigel Legge is back at the head of Vinculum, a fund management firm that will charge no management fee unless its funds outperform their benchmark.
This weekend, Brad Pitt fans will be queuing for his latest blockbuster, Moneyball, about a baseball coach who follows an unconventional path to scouting and building a team though complicated statistical analysis, or sabermetrics.
In the half-year to the end of September, Liontrust saw its assets under management, profits and fund flows all grow.
Liontrust’s half-year results saw net positive sales numbers but overall assets under management were hit by negative market movements.
Liontrust has expanded its business through the acquisition of a specialist fund management group.
Ignis needs to manage its current strategy very carefully as senior figures continue to leave.
