Standard Life Aberdeen increases stake in Liontrust
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Standard Life Aberdeen now holds 5.01 per cent of Liontrust Asset Management through their funds and institutional mandates, up from 4.84 per cent.
A stock exchange notice revealed that a range of UK equity funds managed by SLA increased their stake in Liontrust.
Standard Life Aberdeen, which were previously run by Standard Life Investments and Aberdeen Asset Management before the firms’ merger, as well as Ignis Asset Management, which was acquired by Standard Life Investments for £390m in March 2014.
Liontrust saw assets under management grow by almost £2bn to hit £12bn in six months to 30 September.
Last year, Dundee-based Alliance Trust sold £21m-worth of its own Liontrust holdings in January.
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