Jan Luthman, currently co-manager of Liontrust’s macro thematic funds, is to retire after almost 30 years in the funds industry.
Luthman’s funds, including the £544 million (€648.34 million) Liontrust Macro Equity Income and £54 million Macro UK Growth funds, will be taken over by current co-managers Stephen Bailey and Jamie Clark.
In all, he has worked in investment for nearly three decades, including 14 years spent as a fund manager. He launched the Macro Equity Income fund in 2003, under the auspices of Walker Crips Asset Management. The firm was then acquired by Liontrust in 2012.
Chief executive John Ions said there would be no change to the funds’ investment strategy as a result of Luthman’s departure, and new managers would continue to employ a macro thematic investment philosophy.
According to Morningstar data, the Liontrust Macro Equity Income fund has returned 25% over the last three years to 30 August, outperforming its IA UK Equity Income sector average (24.7%) and its FTSE All Share benchmark (21%) during the same period.
Liontrust’s assets under management stand at £4.8 billion, as of March 31, 2016. The firm stated this figure would exceed £5 billion once its acquisition
of Argonaut Capital Partner’s European income business completed in July this year.
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