John Ions, chief executive of Liontrust, has warned asset managers they face a threat from the growing power of distributors as Retail Distribution Review implementation approaches.
Liontrust Asset Management has closed its Dublin-domiciled Emerging Markets Opportunities fund and fund managers Eoghan Flanagan and James Mellersh are set to leave the firm.
Liontrust has chalked up its eighth successive quarter of net inflows for the three months to 30 June 2012 as it builds on its acquisition of Walker Crips.
Rob Page, partner at Jeremy Lang and William Pattisson's Ardevora boutique, is leaving the firm.
Liontrust Asset Management has posted a loss after tax over the year to March following a series of acquisitions for the firm over the last 12 months.
Liontrust Asset Management is to acquire Walker Crips Asset Managers (WCAM) in a £12m deal.
Rob Gleeson, investment product consultant at FE, explains all you need to know about the various fund rating systems in the market