Liontrust has seen a rise in assets under management and a jump in pre-tax profits, after its acquisition of multi-asset business North Investment Partners last October.
The acquisition of North's multi-asset team, led by John Husselbee and Paul Kim, has been one of the firm's key growth drivers. Total inflows for the year ending 31 March amounted to £381m, down from the previous year's result of £514m. However, assets under management jumped 19% from £3bn to £3.6bn in another positive year for the company, while adjusted profit before tax more than doubled to £8.4bn from £3.8bn the previous year. The strong figures will result in Liontrust returning to the FTSE All Share index on 23 June, as it has hiked its dividend to 3.0p for the financial year...
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