Liontrust Asset Management saw strong inflows in the second quarter of the year, adding £971m to its books and bringing total assets under management to £19.3bn.
The firm's trading update for April to June said its assets under management and advice (AuMA) had increased 20% since the start of the current financial year. The fund manager's trading update and year-end results released this morning (8 July) followed the announcement of the group's plan to buy Architas Multi-Manager and Architas Advisory Services from parent-company Axa on 1 July. The deal should add an additional £5.6bn of AuMA to Liontrust when completed. Liontrust acquires Architas multi-manager business in £75m deal The company's full-year results revealed 'adjusted profit ...
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