Redemptions slow at Liontrust

Net redemptions at Liontrust have slowed significantly in recent months, with the net outflow in offshore and retail funds amounting to just £27m from 1 July to 22 September.

Over the same period, net institutional assets amounting to £5m were invested, a stark contrast to earlier months. Across the full period from 1 April to 22 September, net redemptions of offshore and retail funds totalled £103m and the net outflow from institutional assets amounting to £821m. "Liontrust has begun to stabilise after the most challenging six months for the business since it was established in 1995," chief executive Nigel Legge says. "Net fund outflows slowed substantially in the second half of the period, we are adding Ross Hollyman and his team to our existing fund ...