Liontrust Asset Management has appointed in-house managers to replace duo Jeremy Lang and William Pattisson, who will leave the company next month, about nine months ahead of schedule.
From tomorrow, Gary West and James Inglis-Jones will take over the management of the Liontrust First Income and the Liontrust First Large Cap funds. On the same day, Anthony Cross and Julian Fosh will take over the management of the Liontrust First Growth Fund. Lang and Pattisson's resignation announcement in January led to considerable outflows at the firm, with net redemptions in Liontrust's unit trusts and offshore funds totalling £223m from 1 January 2009 to 23 March 2009, while institutional investors stripped £979m. A further £50m of net outflows are in transition. On 23 March, ...
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