Liontrust Assets Hit by Volatile Markets

Summary


LONDON (Reuters) - UK funds housesaid its assets fell more than 6 percent in its first-half, despite pulling in new client money in August, after slumping stock markets hit its core range of equity funds.

Liontrust, which is trying to rebuild its business after the exit of two star managers - and the bulk of its assets - in 2009, said clients added 45 million ($70.6 million) of new money in the quarter to Sept. 27, its fifth consecutive quarter of net inflows, as its top-performing funds earned themselves a place on more wealth manager buy lists.

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Liontrust Assets Hit by Volatile Markets

The inflows were not eno...

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