UK's Liontrust falls on higher quarterly net outflows

Gam Holding AG

17/01/2024 09:05

** Shares of Britain's Liontrust Asset Management  LIO.L 
down 4.2% at 554p
    ** Asset manager reports higher net outflows in third
quarter from the previous quarter and year-ago period 
    ** Assets under management and advice(AuMA) down from
previous quarter
    ** "Among the drivers of the net outflows in the last
quarter, were the ongoing negative sentiment among investors and
the current challenges facing active asset managers" - CEO John
Ions
    ** Separately, co names two former GAM  GAMH.S  executives
to lead its growth equities and distribution businesses
    ** As of last close, stock down ~52% in the preceding 12
months
    

 (Reporting by DhanushVignesh Babu)
 ((DhanushVignesh.Babu@thomsonreuters.com;))