Following a 28% drop in profits over H1 2024, Liontrust Asset Management has enlisted BNY’s Data Vault, BlackRock’s Aladdin and FlexTrade’s FlexTRADER execution management system (EMS) to improve its operating model.
Through the new integrated front-office solution, Liontrust aims to improve its investment and risk tools, data management and reporting capabilities and allow the business to scale.
In a further bid to improve efficiency and conserve resources, CEO John Ions announced in the firm’s half-year results that Liontrust plans to cut 25 staff roles over the coming months and close four funds that are not receiving sufficient demand.
In the first half of the year, Liontrust’s gross profits were £81.1 million; down from 2023’s £98.6 million. Assets under management and advice were £26 billion, down 6% year-on-year from H1 2023’s £27.7 billion.
“The last six months have continued the challenging period for active managers, however we are confident that we are moving into a more positive environment and the outlook is improving,” Ions stated. Lower inflation and interest rates will help the firm to boost its investment strategies, he explained, accelerated by distribution expansions and diversified product offerings. The company is also launching a share buyback programme of up to £5 million, which will be in place until 31 March 2025
“We believe in active management and the long-term power of our investment processes,” Ions concluded.
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