Liontrust Asset Management reported an 8.5% increase in assets under management and advice (AUMA) over the financial year to £33.5bn at the end of March, despite outflows of £400m in the first quarter of this year following the loss of an investment mandate.
Over the financial year ended 31 March 2022, the asset manager recorded net inflows of £2.5bn. Liontrust CEO John Ions said that in spite of the net outflows in the first quarter, the company delivered positive sales at the start of the new financial year. Liontrust to pay £51.4m less for Majedie as deal set to complete "The largest negative impact on net flows in the last quarter was the loss of the £329m investment management mandate for the Verbatim Funds," he explained. "The net outflows of the past quarter do not alter our belief in and focus on the long-term strategy of th...
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