Liontrust assets lifted by inflows and buoyant markets

LONDON Thu Mar 29, 2012 10:55am BST

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LONDON (Reuters) - Liontrust Asset Management has seen its assets rise 13 percent so far this year, boosted by further client inflows and buoyant markets.

The London-based group (LIO.L) posted net positive inflows of 72 million pounds since the end of 2011, as sales of funds to retail investors outweighed outflows from institutional and offshore funds.

The inflows came on the back of strong performance from the group's funds. Coupled with market gains - the FTSE 100 is up 4.2 percent so far this year - the inflows lifted Liontrust's assets to 1.55 billion pounds.

The results reflect Liontrust's continuing recovery from the loss of star fund managers Jeremy Lang and William Pattisson in 2009.

The inflows also come during a tricky time for asset managers, with a number of firms posting outflows on the back of last year's volatile markets and euro zone debt worries.

Henderson (HGGH.L) posted net outflows of 6.4 billion pounds and F&C FCAM.L saw a net 7.2 billion pounds of client money leave in 2011, while Man Group (EMG.L) reported further, albeit lower, outflows this year.

In contrast, Polar Capital (POLR.L) and Jupiter (JUP.L) have both recently reported further client inflows.

Earlier this month Liontrust announced the purchase of Walker Crips Asset Managers for 12.3 million pounds, a deal that will lift Liontrust's assets to 2.1 billion pounds.

(Reporting by Laurence Fletcher)