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Liontrust shutters UK-domiciled Tortoise fund amid asset decline
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From an April 2018 peak of £71m in total net assets, the fund size dwindled over the years, with a final recorded figure of £5.3m, according to data from Refinitiv Lipper. A spokesperson from the company confirmed the fund had been closed due to its small size, adding the cashflow solutions team continues to manage the Irish-domiciled GF Tortoise fund, despite its smaller £3.8m AUM. Liontrust hires sustainable investment analyst duo from Ninety One and abrdn Portfolio managers Matthew Smith and Tom Morris departed the fund in June 2023, having joined the firm in April 2022 as ...
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