Wealth and Asset Management
Liontrust suffers bruising losses as clients pull £3.2bn
Liontrust is bearing the brunt of its failed acquisition of GAM and general disdain towards UK equities, as net outflows amounted to £3.2bn over six months. In its interim results to the end of September, the fund group recorded a pre-tax loss of £10.1m. That compares with a profit of…
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