Liontrust Asset Management has reported net inflows of £50 million for the three months to 31 December 2013, down 22% from £64 million in the year ago period.
Excluding the £123 million net inflows relating to the Multi Asset team that joined in October 2013, the flows for the foyrth quarter of 2014 would have been a net outflow of £73 million, the group said in a interim management statement.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The group says the outflows were the result of a £106 million redemption from the Liontrust Global Strategic Bond fund by a single investor and a £39 billio redemption by an institutional investor from its UK retail funds.
However, the amount of money run by group at the end of fourth quarter of 2013 has advanced past the £3.5 billion mark.
Liontrust chief executive John Ions said: "It is pleasing to report that we continue to grow the business and interest in Liontrust and our funds has risen still further.
"Assets under management increased a further 6 per cent in the fourth quarter of 2013 and we believe our profitability, excluding performance fee profits, in the current financial year will be in line with expectations."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
