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Liontrust’s failed takeover bid for GAM “will lead to restructuring” in the FTSE 250-listed fund house, which has seen further outflows of £1.6bn over the past quarter.
Liontrust has suffered a 6.3% drop in assets under management and advice in the past three months. In a trading update today (18 October), the business reported net outflows of £1.6bn in the period.
Liontrust Asset Management said a net £1.6bn was pulled out of its funds in the three months to the end of September.
As we attempt to bask in the remaining warmth of a particularly sporadic summer, this week has also seen several industry flings come to an end.
John Ions reckons one of the key lessons for business is “humility”. The chief executive of Liontrust Asset Management proclaimed a few years ago that “you lear