British asset manager Liontrust Asset
Management on Wednesday reported net outflows of 1.6
billion pounds for the three months to September
on weak investor sentiment due to higher interest rates. .
Liontrust’s failed takeover bid for GAM “will lead to restructuring” in the FTSE 250-listed fund house, which has seen further outflows of £1.6bn over the past quarter.
Liontrust has suffered a 6.3% drop in assets under management and advice in the past three months. In a trading update today (18 October), the business reported net outflows of £1.6bn in the period.