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Monday, January 29, 2024

41% income increase for Liontrust as property rise 8.5%

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Revenues elevated 41% to £231m for asset supervisor Liontrust for the yr ending 31 March 2022.

Belongings underneath administration and recommendation rose 8.5% to £33.5bn (2021: £30.9bn).

This determine didn’t embody a £5.2bn contribution from Majedie Asset Administration because the deal didn’t full till after the yr monetary finish. Mixed AuMA together with the contribution from Majedie had been £38.7bn.

Belongings underneath administration for the asset supervisor have since shrunk to £34.23bn as at 17 June.

Liontrust accomplished the £120m acquisition of rival Majedie in April.

Revenue earlier than tax for Liontrust as at shut of enterprise on 31 March was £79.3m, a 127% improve year-on-year.

The revenue figures take into consideration acquisition and re-structuring associated prices for Liontrust’s latest acquisitions Architas, Neptune and Majedie.

Web inflows fell to £2.5bn for the yr ended 31 March (2021: £3.5bn). Liontrust noticed £329m of outflows associated to the funding administration settlement for the Verbatim Portfolio Progress Funds on 21 March.

John Ions, chief govt at Liontrust, stated ESG and sustainable funding maintain a robust function to play for the asset supervisor.

He stated: “It’s comprehensible that buyers’ consideration is commonly on the brief time period, whether or not or not it’s reacting to the newest information headlines or latest efficiency, however we should not lose sight of what we as asset managers are attempting to realize in managing individuals’s financial savings for the long run.

“As energetic and accountable buyers, this implies not solely looking for to generate robust funding efficiency but in addition engagement with the businesses we maintain to make sure they undertake greatest practices and reporting to buyers on the affect our groups are having by means of this. Asset managers with a real deal with ESG and sustainable funding may have a stronger tailwind.”

He added that the asset supervisor has been capable of improve face-to-face conferences and occasions with purchasers in latest months.


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