On April 22 GAI News discussed UK-based Liontrust Asset Management’s announcement that it was planning to expand into alternative and international investments in response to client demand.
“The enhancement of our alternative investments offering is important to meet clients’ changing asset allocation and diversification requirements,” notes Liontrust chief executive, John Ions.
Since outlining its new strategy, in its full year results, Liontrust has reported a 45% increase in adjusted profits before tax for the year ending March 31, 2015. Adjusted profits totaled £12.1 million (US$19.2 million) compared to full year results before tax of £8.4 million (US$13.3 million) for 2014.
The fund also reported net inflows into the fund of £667 million (US$1.06 billion), and an increase in assets under management of 24%, reaching £4.5 billion (US$7.14 billion) during the year.
John Ions also made note of the growth of the fund with the recent hiring of Kristof Bulkai, Patrick Cadell, and Hugo Rogers from F&C Investments to create a new global equities team, stating, “We are launching the Dublin-based Global Strategic Equity fund and then a global water and agriculture fund later this year.”
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