Liontrust posts loss but boosts client inflows

first_img whatsapp whatsapp Tags: NULL More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKansas coach fired for using N-word toward Black playerthegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.com ASSET-management firm Liontrust reported a pre-tax loss of £1.6m in the six months to 30 September according to an earnings report released yesterday. Despite the loss, the firm saw its first net investment inflows in six years. Investors moved £90m into Liontrust products last quarter, and have already invested £76m since October. Total assets under management now amount to £1.24 bn. Vinay Abrol, chief financial officer and chief operating officer, said: “We are moving in the right direction because we have a sound marketing strategy.”He added: “Our shareholders are very supportive, and we have a robust cash balance.” The company offers unit trusts and hedge fund products in the UK and continental Europe. Liontrust inflows increased after a strong performance of its funds in recent months. Major brokerage house Hargreaves Lansdown also helped increase inflows after it recommended Liontrust’s European Absolute Return fund. Its shares closed down 1.5p at 92.50p, yesterday. Share Liontrust posts loss but boosts client inflows Show Comments ▼ KCS-content Wednesday 24 November 2010 8:41 pmlast_img read more