What Liontrust does

Liontrust Asset Management PLC is a London-headquartered, multi-strategy active asset manager listed on the London Stock Exchange since 1999. The firm offers equity, fixed income, sustainable, multi-asset, and real assets funds managed by distinct specialist investment teams operating with separate, rigorous and repeatable investment processes. As of 30 June 2026, assets under management and advice (AuMA) stood at £24.3 billion, up from £2.7 billion added through the March 2026 acquisition of River Global Holdings and building on growth from under £1 billion when John Ions became CEO in 2010. The product range includes flagship strategies such as the Sustainable Future Monthly Income Bond Fund, the Japan Equity Fund, the UK Smaller Companies Fund, and the GF European and global equity suite, alongside investment company management (including the Edinburgh Investment Trust, one of the oldest investment trusts).

Revenue is generated primarily through Annual Management Charges (AMCs) applied to AuMA, with some funds also carrying performance fees (notably the GF European Smaller Companies, GF European Strategic Equity, GF Global Alpha Long Short, GF Pan-European Dynamic, and Sustainable Future Monthly Income Bond funds). The business operates as a subscription-style recurring revenue model tied to AUM levels, with no proprietary technology platform. Distribution is omnichannel: financial advisers and wealth managers (the primary channel), fund platforms and third-party distributors (with Bank of New York Mellon as transfer agency administrator), direct investment via the My Liontrust portal, and institutional sales. The firm serves retail investors, financial advisers, and institutional clients (pension funds, insurance companies) across the UK, Luxembourg, and Switzerland.

The most recent financial period (FY2026) reported adjusted profit before tax of £30.5 million and statutory profit before tax of £14.4 million, with a full-year dividend of 19.0p per share. Half-year results to 30 September 2025 showed adjusted PBT of £15.7 million, a first interim dividend of 7.0p, and net outflows of £2.3 billion, though Q4 2025 outflows of £1.0 billion improved from £1.6 billion in Q4 2024. The underlying business is therefore in a stabilization phase, with institutional inflows and the River Global acquisition offsetting legacy retail outflows from the platform.

Name

Liontrust

Legal name

Liontrust Asset Management PLC

Website

https://liontrust.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

Liontrust Asset Management PLC is a London-listed multi-strategy active asset manager offering equity, fixed income, sustainable, multi-asset, and real assets funds, serving retail investors, financial advisers, and institutional clients across the UK, Luxembourg, and Switzerland with £24.3 billion AuMA.

Ownership category

akta.pro rank

Product category

Active Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

akta.pro primary industry

Fund of Funds & Multi-Manager Mutual Funds (FSAAAEAL)

Keywords

• Active asset management
• Investment fund management
• Equity fund management
• Multi-asset investing
• Sustainable investment funds

Headquarters

HQ city

City Of London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Fund Management Fees: Liontrust generates revenue primarily through Annual Management Charges (AMC) applied to assets under management across its fund range, including equity, fixed income, sustainable, multi-asset and real assets funds. Some funds also carry performance fees.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Liontrust is a multi-strategy active asset manager that designs, manages and distributes pooled investment funds across equity, fixed income, sustainable, multi-asset and real assets strategies. It also manages investment trusts (including one of the oldest UK investment trusts) and boutique investment companies. Revenue is generated primarily through Annual Management Charges on assets under management, with performance fees applied on selected funds.

Product overview

Liontrust Asset Management PLC is a multi-strategy active asset manager that operates a unified investment platform offering equity, fixed income, sustainable, multi-asset, and real assets fund capabilities across multiple distinct investment teams. The core platform is augmented by investment company management (including the Edinburgh Investment Trust, one of the oldest investment trusts), the ex-River Global fund range acquired in 2026, and specialized sub-brands such as the GF (Growth Fund) European and global equity suite, the Sustainable Future series, the Japan Equity Fund, and UK Smaller Companies strategies. The company distributes products through fund platforms, financial advisers, and direct channels, and supports clients with educational resources through its Learning Center and a Resource Library for financial advisers.

Differentiator

Problem solved

Functional benefit

Products and services

• Sustainable Future Monthly Income Bond Fund A sustainable investment grade corporate bond fund targeting monthly income payments and capital growth, investing at least 80% in sterling-denominated or hedged investment grade corporate bonds, targeting a net total return at least matching the IBOXX Sterling Corporates Overall Total Return Index over rolling 5-year periods. Performance fees apply only to the P share class.
• Liontrust Japan Equity Fund A top-performing Japan equity fund overseen by portfolio manager Thomas Smith, investing in Japanese equities including banks and industrial shares.
• Liontrust UK Smaller Companies Fund A UK-focused equity fund investing in smaller capitalization companies on the UK stock market.
• GF European Smaller Companies Fund A pan-European smaller companies equity fund that may incur performance fees, part of the GF fund range.
• GF European Strategic Equity Fund A European strategic equity fund with performance fee applicable for certain share classes, part of the GF fund range.
• GF Global Alpha Long Short Fund A global long-short equity strategy that may incur performance fees on all share classes except class I1, part of the GF fund range.
• GF Pan-European Dynamic Fund A pan-European dynamic equity fund with performance fee applicable only for AP5, BP5 and CP5 share classes, part of the GF fund range.
• Liontrust Multi-Asset Funds (Explorer, Blended and Dynamic Passive ranges) Multi-asset funds offering diversified investment across multiple asset classes, including MA Explorer Funds, MA Blended Funds, and MA Dynamic Passive Funds, managed by the Multi-Asset Team.
• Edinburgh Investment Trust One of the oldest investment trusts managed by Liontrust, providing exposure to UK equities through a closed-end investment trust structure, with its own dedicated website.
• Liontrust Investment Companies Liontrust manages one of the oldest investment trusts and two distinctive boutique Investment Companies, providing investment trust relationships and specialised investment company management for investors.

Quantifiable outcome

• AuMA grew from under £1 billion in 2010 to £24.3 billion as of June 2026

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered major and core.

• River Global Holdings Limited (RGH)majorStrategic or Co-development Partner · 16 March 2026Liontrust agreed to acquire River Global's asset management business in an all-share deal valued at up to £9.7 million. The acquisition adds £2.7 billion in AuMA, value investment strategies, and investment trust relationships. Martin Gilbert (former Aberdeen Asset Management CEO) joins the Liontrust board as non-executive director. Expected to be earnings accretive from fiscal year 2027.
• Bank of New York Mellon (BNYM)coreTechnology or IntegrationBNYM serves as the transfer agency administrator for Liontrust funds. The BNYM Transfer Agency Online portal provides real-time transactional breakdowns, reporting facilities, access to documentation such as statements and contract notes, and a secure segregated dealing facility for advisers and clients.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Jupiter Fund Management plc: London-listed active asset manager with comparable UK retail adviser distribution and emerging market / fixed income / multi-asset capabilities. Directly comparable given recent acquisition of Liontrust's departed portfolio managers Ensor and Uthayakumar.
• abrdn plc: UK-listed global active asset manager formed from the merger of Aberdeen Asset Management and Standard Life Investments. Highly comparable to Liontrust in multi-strategy active equity, fixed income and multi-asset offerings distributed via advisers and institutions; Martin Gilbert (former Aberdeen CEO) joining Liontrust's board underscores the direct overlap.
• Man Group plc: London-listed active and alternative asset manager with multi-strategy capabilities including equities, multi-asset and sustainable strategies. Comparable in listed UK active manager profile and AuMA scale considerations.
• Polar Capital Holdings plc: London-listed specialist active manager running concentrated equity and thematic strategies distributed primarily through UK and European advisers. Comparable specialist-team model and retail-adviser-led distribution.
• Schroders plc: Large UK-listed active asset manager offering equity, fixed income, sustainable and multi-asset strategies distributed through advisers, institutions and wealth managers across Europe. Closely comparable product mix, though at materially larger scale.
• Invesco Ltd: Global active asset manager with a substantial UK and European adviser-distributed fund range spanning equities, fixed income, multi-asset and ESG strategies. Directly comparable to Liontrust's multi-strategy platform and channel mix.
• Rathbones Group plc: UK-listed wealth and investment manager combining discretionary portfolio management, asset management and investment trust services. Comparable in adviser-served investment management, investment trust franchise and UK client base.
• Ninety One plc: London-listed active asset manager spun out of Investec with emerging market, equity, fixed income and multi-asset capabilities. Comparable in product breadth and adviser-led distribution model.
• Janus Henderson Group plc: London- and New York-listed active asset manager formed from the merger of Henderson and Janus Capital. Comparable multi-strategy active offerings across equities, fixed income and multi-asset distributed via global advisers and institutions.
• Baillie Gifford & Co: Edinburgh-based active investment manager with a heritage in investment trust management (similar to Liontrust's Edinburgh Investment Trust) and strong growth/equity orientation. Closely comparable UK active manager with shared Edinburgh heritage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCsUD_j9MxvzVuklXMn7wV-Q
• Facebookfacebook.com/liontrustheroes
• LinkedInlinkedin.com/company/liontrust-asset-management
• Instagraminstagram.com/liontrustviews

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Liontrust