UK fund manager Liontrust's outflows slow on global expansion, shares surge

Liontrust Asset Management

Today 08:58

    June 24 (Reuters) - British fund manager Liontrust's LIO.L net outflows in the current quarter have slowed, the firm said on Wednesday, as it expands globally and institutional clients pour in more funds.
Shares jumped as much as 17%, the most since October 2025, to 344p.
The firm posted net outflows of £276 million ($364.13 million) in the quarter to June 19, with one more week to go, compared with £836 million in the previous three months. 
     Here are some more details:
Institutional clients pumped in a net £500 million in the quarter.
Adjusted pre-tax profit fell nearly 37% to £30.5 million for the full year ended March 31, broadly in line with market expectations.
Liontrust in March announced the acquisition of River Global's asset management arm in a bid to add new investment styles, grow its client base globally and boost inflows.
Acquisition expected to close on June 30.
River Global posted £2.96 billion in assets under management and advice, with £39 million in net inflows in the quarter to June 19.
The London-listed Liontrust cut its dividend by 73.6% to 19 pence for the year to March.
($1 = 0.7580 pounds)

(Reporting by Anushka Chourasia; Editing by Harikrishnan Nair)
((Anushka.Chourasia@thomsonreuters.com;))