Liontrust outflows continue to mount as AUMA sinks below £30bn

AUMA fell 12% over the first half of the financial year, down from £31.4bn to £27.7bn, a figure which has since fallen further to £26.6bn as at 9 November 2023. CEO John Ions noted the majority of the manager's assets were invested in UK equities, an asset class that has long fallen out of favour with investors, to explain the hefty decline, while chair Alastair Barbour added there were inevitable "bumps, twists and turns" in a company's growth. Failed GAM bid 'will lead to restructuring' as Liontrust outflows mount "No company enjoys linear growth over many years," he said. "While...