Liontrust's AUM to hit £4bn as group wins income mandate

Liontrust's assets under management are to climb above £4bn imminently after the group won a £320m UK equity income mandate.

The group, which has seen positive flows over the past six months of £284m despite the increasing volatility seen in markets, said AUM stood at £3.8bn as of 30 September, up from £3.6bn at the end of March. This figure is to jump above £4bn in the final quarter of the year after the group's pipeline of inflows was given a significant boost from a new segregated mandate. The group's chief executive John Ions (pictured) said: "This has been another successful six months for Liontrust with net inflows of £284m against a difficult background of increasing political and economic uncertaint...