Liontrust forced to abandon ESG trust IPO in firm's 'first set back' in years

Liontrust, which had aimed to raise £150m, declined to disclose the exact level of commitment beyond the fact that it was "significant". In a statement John Ions, chief executive of Liontrust, said nearly 2,000 individual private investors "demonstrated their confidence in the investment proposition" and that Liontrust were disappointed they would not "get the chance to repay their faith through an investment trust after everyone worked so hard to secure its launch." "It is a bit embarrassing for Liontrust," said Ben Yearsley, investment consultant at Fairview Investing. "They have be...