Market turbulence is to blame for a marginal drop in funds under management at Liontrust, the firm says.
The independent specialist equities fund management group today announces assets under administration stand at £5.45bn, down from £5.51bn at financial year-end March 31, and from £5.7bn just a month ago. However, the plc says prospects remain good for attracting further inflows and remains confident of making 'solid' progress in the full year. Spokesman Nick Pilkington says: “Since our AGM we haven’t lost a single large account. “Although our funds under management have dipped it has had absolutely nothing to do with us. It has been solely down to market movement.” Liontrust says it ear...
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