As outflows reach €586 million, Liontrust forms a new team and rearranges its funds

In addition to overhauling the management of its €732 million in funds, Liontrust Asset Management has announced the formation of its eighth investment team.

The announcement comes after Liontrust experienced net outflows of €586 million in the three months ending on June 30, 2022.


John Ions, chief executive of Liontrust, explained the outflows by stating that while the company had not been "immune" to inflationary pressures, supply chain problems, or pressures on economic growth, they had continued to be optimistic about their long-term prospects.


Former Neptune Investment Management fund managers have joined a new team at Liontrust called the Global Innovation team, which Liontrust acquired in 2019.


James Dowey and Storm Uru, fund managers who jointly created the Global Innovation process, will serve as co-chairmen of this. Clare Pleydell-Bouverie, the fund manager, will support them in turn.

The group will oversee the €401 million Global Dividend fund and the €247 million Global Innovation fund for Liontrust.


In October 2019, Dowey, Uru, and Pleydell-Bouverie joined Liontrust as part of the €47 million acquisition of Neptune Investment Management.


Additionally, with effect from today, Liontrust has chosen to transfer its €412 million Income and €320 million US Opportunities funds from the Global Equity team to the Global Fundamental team (19 July).


Chris Field is now the Income fund's lead manager as a result of the change. As part of Liontrust's acquisition of Majedie Asset Management, which he co-founded, Field joined the company in April of this year.


James O'Connor, a deputy fund manager, and Dan Ekstein, an equity analyst, will assist him.


George Boyd-Bowman, who also joined as part of the Neptune acquisition, will continue to manage the US Opportunities fund in the interim.


Boyd-Bowman will collaborate with Hong Yi Chen, manager of the Liontrust GF US Equity Fund, as a result of the fund's transfer to the Global Fundamental team.


Ions said: "Bringing together the two UK equity income and the two US funds into one team adds value to investors by strengthening the resources devoted to these asset classes. Each of the funds will benefit from larger teams providing portfolio management along with stock analysis and selection."

By fLEXI tEAM