Failed GAM bid 'will lead to restructuring' as Liontrust outflows mount

Writing in its three-month trading update to 30 September 2023, Liontrust CEO John Ions reflected on the attempted M&A move, arguing while the acquisition would have "accelerated" the firm's strategic objectives of broadening its fund range and expanding geographical distribution, the failure does not change these goals. Liontrust bid fails as GAM enters discussions with shareholder group NewGAMe "Our belief in them has only strengthened," he wrote. "The knowledge and insight gained through the GAM process is also helping us shape our future operating model for the long-term growth of...