Lang's new firm sees AUM break through £100m

Ardevora, the asset management group set up by ex-Liontrust star Jeremy Lang, has seen assets under management climb above £100m for the first time.

The group, which was formed in 2010 by Lang and former Liontrust colleague William Pattisson, said inflows since the sell-off in equity markets last year had lifted AUM to £140m. The inflows have centred on its two main funds, Global Equity and UK Equity, which have both reached £50m in size. Its Income strategy also has £35m of assets. Lang, who runs the funds alongside Pattisson and his colleagues, said: "Breaking through £100m of external client assets is a major milestone for us, particularly given the volatility of equity markets since we launched the funds in 2011. "We are de...