Liontrust’s assets under management dropped by 5.3% to £24.6bn at the end of December 2024 following “concentrated” outflows.
Net outflows for the fourth quarter stood at £1.6bn, slightly lower than the £1.7bn in the same period in 2023. However, Liontrust noted that as of 9 January, its AUM had seen a small uptick to £24.7bn. Liontrust's Julian Fosh retires after nearly two decades with the firm The firm also provided an update to its business transformation programme - unveiled in November 2024 - which included the reduction of 25 roles. It explained that having reviewed the proposed cost efficiencies the programme could bring, it has identified additional savings and has put forward a "further small...
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