Liontrust’s chief executive John Ions said he was taken by surprise when the French billionaire Xavier Niel gatecrashed his agreed takeover of the Swiss fund manager GAM, but insisted he had not been put off making future acquisitions.Ions made the remarks as he reported a slide to a pre-tax loss of
Liontrust Asset Management has announced its gross profit and assets under management and advice (AUMA) both dropped during a “challenging period” in its half year report for the six months ended 30 September 2023.