Liontrust doubles AUM as Walker Crips deal adds £600m

Reporting its year end trading update, the group said in a statement it had seen assets under management rise from £1.53bn in March 2012, to £2.99bn a year later. The deal to buy Walker Crips Asset Management - which saw managers including Jan Luthman and Stephen Bailey join the firm - gave the group £581m of assets last April. However, Liontrust also saw inflows into a number of key areas. In total it took net flows of £486m, more than treble what it saw the previous year. This was driven by retail money, with institutional assets showing a net outflow of £125m. Market movement...