UK-based fund management group, Liontrust Asset Management, has created a new global equities team with a triple hire from BMO Asset Management.

London-listed Liontrust Asset Management has hired BMO Asset Management's Kristof Bulkai, Hugo Rogers and Patrick Cadell to form its new global equities team.

The team bring expertise in global equity long/short fund management and will xjoin Liontrust in time for its launch of the Dublin-based Global Strategic Equity fund at the end of May.

Bulkai will join from his position as portfolio manager and team head at BMO Global Asset Management, where Rogers and Cadell are currently fund managers.

The new additions follow the appointment of Victoria Bates as a fund manager within the firm's economic advantage team.

Liontrust announced the new recruits as part of a trading update for the financial year from 1 April 2014 to 31 March 2015, in which it reported a 24 per cent climb to £4.5 billion ($6.75 billion) of assets under management.

Meanwhile, net inflows were up 75 per cent year-on-year to £667 million as the economic advantage team won its first institutional mandate of £95 million.

“Our UK retail AuM now exceeds £3 billion and our institutional AuM is more than £1.1 billion,” said Liontrust's chief executive, John Ions.

“We have made a number of moves over the last few months to ensure we can continue to maintain this growth, including the further diversification of our fund management capability and client base.”