Liontrust boasts 41% revenue increase in face of 'challenging period short term'

Majedie acquisition added £5.2bn value

Liontrust Asset Management revealed it made gross profit of £231m in the past financial year, a 41% increase on the 2020-21 period.

As of 31 March 2022, assets under management and advice (AuMA) were £33.5bn, up 8.5% on 2021's results (£30.9bn). The acquisition of Majedie Asset Management back in April added £5.2bn to the AuMA, which would take the total up to £38.7bn, if included. UK inflation hits 40 year high of 9.1% in May The acquisition was one of the highlights for the group in what has been a tougher 2022 period. In the chief executive's report, John Ions acknowledged that: "Liontrust experienced a more challenging period for short-term performance over the last few months of the financial year given...