Liontrust outflows continue to mount as GAM costs drag into 2024

James Baxter-Derrington
clock • 3 min read

Net outflows hit £3.2bn in the six months to 30 September, as Liontrust's assets under management and advice sunk well below £30bn following the manager's failed acquisition of GAM and during a sustained period of investor flight from UK assets. AUMA fell 12% over the first half of the financial year, down from £31.4bn to £27.7bn, a figure which has since fallen further to £26.6bn as at 9 November 2023. CEO John Ions noted the majority of the manager's assets were invested in UK equities, an asset class that has long fallen out of favour with investors, to explain the hefty decline, w...

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