Liontrust reaps inflows from “confused” state of industry

London-based asset management firm Liontrust has recorded a seventh year of net inflows, its annual results show.

The company’s inflows were £482 million (€548 million) for the year to March 31, 2017 – nearly doubling from £255 million the previous year.

Liontrust’s chief executive John Ions (pictured) indicated this was a sign that small asset managers can find success if they manage to benefit from an industry that looks “confused”.

Reporting a profit increase of 18% to £17.2 million, Irons said: ““At a time when asset management is up front and central in providing solutions, it is more surprising how confused the industry looks.

“Well managed and focused businesses, whether large or small, should benefit from this and continue to grow successfully.”

The firm’s revenues rose 15% to £51 million, including £4 million of performance revenue fees.

Assets under management (AuM) over the same period rose 36% to £6.5 billion.

Outside the accounting period, Liontrust’s acquisition of Alliance Trust Investments, completed on April 1, added £2.5 billion to the firm’s AuM, taking AuM to £9.1 billion.

©2017 funds europe

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