Liontrust Asset Management's assets under management and advice (AuMA) increased by 8.5 percent year over year to £33.5 billion as of March 31, 2022.
Despite net outflows of £400 million in the first quarter of 2022, Liontrust's chief executive John Ions explained that this was due to the loss of an investment management mandate worth £329 million for Verbatim Funds.
Liontrust, on the other hand, reported net inflows of £2.5 billion for the full year ending March 31, 2022.
"The net outflows of the past quarter do not alter our belief in and focus on the long-term strategy of the business," Ions added "Liontrust has continued to diversify and expand our investment capability and the business, and ensured we deliver for and engage with our investors."
Liontrust's total AuMA was £38.5 billion as of April 7, 2022, thanks to the completion of its acquisition of Majedie Asset Management, which increased Liontrust's AuMA by £5.2 billion.
Following the acquisition, the Majedie investment team was renamed the Liontrust Global Fundamental team.
"The acquisition of Majedie Asset Management, which completed on 1 April 2022, has continued our diversification and expansion, both through distribution to institutional investors and investment capability, as well as adding £5.2 billion to our AuMA," Ions said. "Majedie also brings excellent client service, which is reflected in the strength of their relationships.."
According to the Pridham Report, Liontrust had the second highest net retail sales and the fifth highest gross retail sales in the asset management industry in the UK in 2021.
By fLEXI tEAM