London head-quartered fund manger Liontrust has seen assets under management grow to £3.8 billion ($6.1 billion) despite increasing political and economic uncertainty during the last six months.

London head-quartered fund manger Liontrust has seen assets under management grow to £3.8 billion ($6.1 billion) despite increasing political and economic uncertainty during the last six months.

Net inflows increased £284 million in the six months from March to September this year. Over that period the UK has held a referendum on Scottish independence which caused uncertainty among investors, while the International Monetary Fund (IMF) recently downgraded every major eurozone economy.

The company also said it had been awarded a UK equity income segregated mandate of £320 million – which will be included in the next quarter and push the group’s assets to £4.1 billion.

 The company has also been boosted by the hire of James Beddall as co-head of international sales last month from F&C Investments. It means the company has expanded its distribution capability outside of the UK. Beddall will work alongside Jonathan Hughes-Morgan in setting up an office in Luxembourg.

“With the recruitment of James, we have put together a very strong sales team to market our funds internationally. We are also actively looking for more fund management teams that will appeal to the Wholesale market in Continental Europe,” said Jon Ions, chief executive at Liontrust.

“This development, combined with broadening our client base in the UK and our strong long-term fund performance, gives me great confidence that we will continue to generate positive inflows.”