GAM managers push for Liontrust sale amid stock slide

Portfolio managers from the GAM Global Opportunities and Global Special Situations Funds have urged Liontrust Asset Management to launch a “strategic review” aimed at selling the business. In an open letter to John Ions, CEO of Liontrust, Albert Saporta and Randel Freeman argued that the company is “significantly undervalued”, referencing an approximate 85% fall in its share price since September 2021. During the same period, Liontrust’s assets under management declined from £42.3bn ($56.5bn) to about £ ...