Liontrust’s Luthman announces retirement

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. ©2016 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.