Liontrust Asset Management
Liontrust Asset Management PLC is a UK-listed specialist active fund manager (founded 1995) serving UK retail and institutional clients with equity, fixed income, sustainable, and multi-asset strategies across approximately £24.4bn in pro forma AUM following the 2026 River Global acquisition.
- Company typePublic
- Founded1995
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Liontrust Asset Management does
Liontrust Asset Management PLC is a UK-based specialist fund management company, founded in 1995 and listed on the London Stock Exchange under ticker LIO.L. The firm manages active investment strategies across equities, fixed income (sustainable, investment grade, high yield and government bonds), multi-asset, and real assets, with a dedicated Sustainable Future fund range applying explicit ESG criteria. Liontrust serves two principal client segments: UK retail investors accessing funds through platforms and wealth managers, and institutional clients (pension funds, insurance companies, endowments, foundations) via direct mandate relationships, with international distribution via Liontrust Switzerland AG, Liontrust Europe S.A. and post-acquisition Asia Pacific reach through River Global.
The business model is AUM-linked: Liontrust earns management fees (subscription/recurring) as a percentage of assets under management, supplemented by performance fees on certain strategies. As of the latest reporting period, AUM stood at approximately £21.4bn, down from a September 2021 peak of £42.3bn, with combined pro forma AUM of £24.4bn following the June 2026 River Global acquisition. Distribution combines institutional direct sales with retail platform and IFA channels. Marketing is multi-channel — website, LinkedIn, YouTube, Instagram, Facebook, events/webinars and personalised email — supporting both top-of-funnel brand-building and mid-funnel adviser engagement. No proprietary technology platform is disclosed; investment processes are described as distinct, rigorous and repeatable, executed by human portfolio managers.
Recent strategic events include a £9.7m all-share acquisition of River Global (completed 30 June 2026) adding Indian equity and multi-style capabilities, a 12% workforce reduction, the retirement of long-tenured fixed income manager Phil Milburn, and an activist campaign from GAM Alternatives fund managers urging a strategic review and sale. FY2026 results showed a 24% adjusted operating margin (beating 23.3% consensus) and a sharp narrowing of net outflows to £276m from £1.0bn the prior year, against a backdrop of an 85% share price decline since September 2021.
Liontrust Asset Management firmographics
Firmographics- Name
- Liontrust Asset Management
- Legal name
- Liontrust Asset Management PLC
- Website
- https://liontrust.co.uk
- Company type
- Public
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Liontrust Asset Management PLC is a UK-listed specialist active fund manager (founded 1995) serving UK retail and institutional clients with equity, fixed income, sustainable, and multi-asset strategies across approximately £24.4bn in pro forma AUM following the 2026 River Global acquisition.
- Ownership category
- akta.pro rank
Liontrust Asset Management industry classification
Industry- Product category
- Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910), Other Investment Pools and Funds (5259)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Large-Cap Equity (Active) (FSAAAIAA)
- akta.pro secondary industries
- Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Managed Account / SMA Multi-Manager Platforms (FSANAGAL)
Keywords
Where Liontrust Asset Management is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Liontrust Asset Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Fund Management Fees: Liontrust earns management fees based on assets under management (AUM). Revenue is directly tied to AUM levels, which have been declining from £42.3bn peak to approximately £21.4bn, causing revenue decline. The firm also generates performance fees in certain strategies.
- Institutional Mandate Fees: Fees earned from managing institutional mandates, with new mandates of approximately £250 million secured in H1 FY2025 and gross institutional inflows exceeding £500 million in the latest quarter.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Management fees vary by fund strategy and client type |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Liontrust Asset Management product offering
Product offeringCore offering
Liontrust Asset Management PLC is a specialist UK fund management company that provides active asset management across equity, fixed income, sustainable, and multi-asset strategies. The firm manages approximately £21.4 billion in assets under management (AUM) for both institutional clients and retail investors, using distinct, rigorous, and repeatable investment processes. Following the 2026 acquisition of River Global Holdings, the combined entity manages approximately £24.4 billion in AUM and offers additional multi-style, recovery, and Indian equity capabilities.
Product overview
Liontrust is a specialist UK-based fund management company launched in 1995, operating as a multi-strategy active asset manager offering equity, fixed income, sustainable, multi-asset and real assets capabilities. The company manages funds with distinct, rigorous and repeatable investment processes. Following the 2026 acquisition of River Global Holdings for up to £9.7 million in shares, the combined entity manages approximately £24.4 billion in assets under management. The product portfolio includes core equity funds, fixed income strategies (spanning sustainable, investment grade, high yield, and government bonds), the Sustainable Future sustainable fund range, multi-asset funds, and acquired products including the India Capital Growth Fund and River Global's multi-style and recovery funds.
Differentiator
Problem solved
Functional benefit
Products and services
- Liontrust Equity Funds
- Liontrust Fixed Income Funds
- Liontrust Sustainable Funds (Sustainable Future Range)
- Liontrust Multi-Asset Funds
- India Capital Growth Fund
- River Global Multi-Style and Recovery Funds
Quantifiable outcome
- 12 funds ranking in first or second quartile over both one and three years
- +1 more outcomes
Companies that use Liontrust Asset Management
Customer profileSegments3 records
Ideal customer profiles3 records
Liontrust Asset Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Liontrust Asset Management partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- River Global Holdings LtdcoreLiontrust acquired River Global's asset management arm in an all-share deal worth up to £9.7m. The acquisition adds £2.7bn in AUM, bringing combined pro forma AUM to £24.4bn. River Global manages the India Capital Growth Fund and adds multi-style and recovery fund strategies. Martin Gilbert, chairman of River Global Holdings, joins the Liontrust board as non-executive director upon completion. The deal was expected to complete by 30 June 2026 and is projected to be earnings-accretive from FY2027 onwards.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Liontrust Asset Management competitors and assessment
Company assessmentDirect peers
- Polar Capital: Polar Capital is a London-listed specialist active fund manager with a similar boutique-style approach, single-strategy equity and multi-asset capabilities, and overlapping institutional and retail distribution channels in the UK and Europe.
- Jupiter Fund Management: Jupiter is a London-listed UK-focused active asset manager with comparable product set (equities, fixed income, multi-asset) and similar retail and institutional client mix, making it the closest direct comparable for Liontrust in terms of business model, scale, and competitive dynamics.
- Baillie Gifford: Baillie Gifford is a private Edinburgh-based active investment manager specializing in equities and multi-asset strategies with strong performance-led positioning, directly comparable to Liontrust's specialist active management model and long-term investment philosophy.
- Rathbones Group: Rathbones is a London-listed UK wealth and asset manager with overlapping multi-asset and equity capabilities, similar institutional and intermediary distribution, and a comparable scale to Liontrust.
Broad incumbents
- Schroders: Schroders is a large UK-listed incumbent asset manager offering equity, fixed income, multi-asset, and sustainable strategies globally, with overlapping products to Liontrust but at materially greater scale and broader geographic footprint.
- abrdn (formerly Aberdeen Standard Investments): abrdn is a major UK-listed asset and wealth manager with extensive equity, fixed income, and sustainable capabilities, providing overlapping solutions to both institutional and retail clients though at significantly larger scale.
- Invesco: Invesco is a global incumbent asset manager with extensive active equity, fixed income, and ETF capabilities that overlap with Liontrust's product set across both retail and institutional channels, but at vastly greater scale.
- Man Group: Man Group is a London-listed active quantitative and discretionary investment manager, with comparable institutional client base and active management ethos, though it operates at substantially larger scale and with proprietary systematic capabilities.
- M&G plc: M&G is a London-listed savings and investment business with active equity, fixed income, multi-asset, and sustainable strategies, sharing Liontrust's UK retail platform distribution focus though operating at substantially greater scale.
- Henderson Smaller Companies / Janus Henderson: Janus Henderson is a global incumbent asset manager with active equity and fixed income capabilities comparable to Liontrust's specialist offerings, with significant UK presence though substantially larger scale and US-centric distribution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Liontrust Asset Management social profiles
Digital presenceLiontrust Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Liontrust Asset Management leadership team
Management profileNumber of profiles
Profiles5 records
Liontrust Asset Management subsidiaries and ownership
Company hierarchySubsidiaries4 records
Liontrust Asset Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Liontrust Asset Management M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Liontrust Asset Management
What does Liontrust Asset Management do?
Liontrust Asset Management PLC is a specialist UK fund management company that provides active asset management across equity, fixed income, sustainable, and multi-asset strategies. The firm manages approximately £21.4 billion in assets under management (AUM) for both institutional clients and retail investors, using distinct, rigorous, and repeatable investment processes. Following the 2026 acquisition of River Global Holdings, the combined entity manages approximately £24.4 billion in AUM and offers additional multi-style, recovery, and Indian equity capabilities.
Is Liontrust Asset Management a public or private company?
Liontrust Asset Management is a public company. It is classified as public and is currently operating.
When was Liontrust Asset Management founded?
Liontrust Asset Management was founded in 1995. It employs 1 to 10 people.
Where is Liontrust Asset Management based?
Liontrust Asset Management is headquartered in London, United Kingdom, in the Europe region.
How does Liontrust Asset Management make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are institutional Mandate Fees.
Who are Liontrust Asset Management's main competitors?
Direct peers on record are Polar Capital, Jupiter Fund Management, Baillie Gifford and Rathbones Group. Broad incumbents are Schroders, abrdn (formerly Aberdeen Standard Investments), Invesco, Man Group, M&G plc and Henderson Smaller Companies / Janus Henderson.
Does Liontrust Asset Management have an API?
No public API is recorded for Liontrust Asset Management.
What industry is Liontrust Asset Management in?
Liontrust Asset Management's product category is Asset Management. Its primary akta.pro industry code is FSAAAIAA, Large-Cap Equity (Active), with a secondary code of FSAAABAD, Advisory Portfolio Management (Non-Discretionary). Its NAICS code is 523940 and its SIC code is 6199.