Liontrust returns to net inflows despite volatile summer

Investors attrated to long/short mandates

Liontrust returned to net inflows in the third quarter, largely driven by UK retail fund sales, but overall assets under management fell due to the market volatility.

The group reported £117m net inflows for the three summer months, compared to a net outflow of £7m the previous quarter. However, assets under management for the period fell £37m to £4.42bn due to market and investment performance which had a £154m impact. John Ions, chief executive, said: "We have enjoyed a successful second quarter of our financial year against a challenging economic and market background. "We have achieved positive net sales of £117m, with inflows spread across our fund management teams over a three month period in which global markets suffered their worst fall sin...