The Cashflow Solution team | Who we are | Liontrust Asset Management PLC
Cashflow team

The Cashflow Solution team

James Inglis-Jones & Samantha Gleave

The team

James Inglis-Jones and Samantha Gleave have over 40 years of combined experience and first worked together in 1998. James has previously managed money at Fleming Investment Management, JP Morgan Fleming and Polar Capital while Samantha formerly worked at Sutherlands Limited, Fleming Investment Management, Credit Suisse First Boston and Bank of America Merrill Lynch. Samantha was in a No 1 ranked equity research sector team (Extel & Institutional Investor Surveys) at Credit Suisse and won awards for Top Stock Pick and Earnings Estimates at Bank of America Merrill Lynch.

Liontrust Cashflow Solution team

The Cashflow Solution Process

The process is based on the belief the most important determinant of shareholder returns is company cash flows. The fund managers invest in companies that generate strong cash returns from their capital, appear cheap on those cash flows and are run by managers committed to an intelligent use of capital. There is historical evidence that combining the Cashflow Solution process with a yield discipline is capable of generating strong returns. Companies generating significant cash flows are in a good position to pay generous and rising dividends to shareholders.

Read more

Yield curve inversion – why we’re not worried, yet

James Inglis-Jones

Are bond markets predicting a recession and a negative environment for equities? James Inglis-Jones explains why proprietary measures of investor anxiety present a... Read more

Awards and ratings

Citywire - Fund Manager rated +
Samantha Gleave
Citywire Manager rating: +
Citywire - Fund Manager rated +
James Inglis-Jones
Citywire Manager rating: +
FTAdviser 100 Club awards 2017 - Best Absolute Return Fund - Liontrust GF European Strategic Equity Fund
Liontrust GF European Strategic Equity
FTAdviser 100 Club Awards 2017
Best Absolute Return Fund
Money Observer Fund Awards - Best Europe Fund - Liontrust European Growth
Liontrust European Growth Fund
Money Observer Fund Awards 2017
Best Europe Fund

Latest fund updates

The Cashflow Solution team

Read the latest fund updates from the Cashflow Solution team.

Read more

Rayner Spencer Mills - R Rated Fund
Liontrust European Growth Fund
RSM rated
Square Mile Rated A - Liontrust
Liontrust European Growth Fund
Square Mile rated: A
Investment Week Fund Manager of the Year Awards 2017 - Liontrust European Growth Fund
Liontrust European Growth Fund
IW Fund Manager of the Year Awards 2017 - Europe

UK domiciled  

European Growth Fund

The Fund invests in a concentrated and equally weighted portfolio of companies from developed continental Europe using the Cashflow Solution process.

[As at July 2016] the Liontrust European Growth fund is in third place out of 99 funds in the Europe ex-UK sector over one year, while over three years it is also top quartile. It is one of the few European funds to be showing a healthy return in the last 12 months, earning investors 19% when the average fund has managed only 4%.

Patrick Collinson, writing in Fund Strategy, July 2016

Global Income Fund

The Fund seeks to provide investors with a high level of income with capital values keeping pace with inflation over a medium to long-term investment horizon through using the Cashflow Solution process.

The most consistent dividend grower [among global income funds] was Liontrust Global Income, with eight out of ten years of payout increases.

Mark Atherton in The Times, October 2016

Non-UK domiciled  

GF European Smaller Companies Fund

The Fund has been managed since launch on 1 February 2017 by James Inglis-Jones and Samantha Gleave, who have been running a composite of Institutional European Small Cap mandates for a combined total of more than seven years. The Fund invests in companies listed in Europe (including the UK), with the majority having a market capitalisation of less than €5 billion at inception and has an equally weighted portfolio.

We focus purely on bottom-up financial analysis, relying on our own research and thus removing any emotional bias towards portfolio holdings.

James Inglis-Jones & Samantha Gleave

GF European Strategic Equity Fund

The Fund aims to achieve a positive absolute return over the long term for investors through a portfolio of long, synthetic long and synthetic short investments primarily in European equities and equity related derivatives.

By using the Cashflow Solution investment process, a concentrated long book and a diversified short book, our approach offers the potential for better returns than the market in the long term while taking much less risk.

James Inglis-Jones & Samantha Gleave

Key Risks

Past performance is not a guide to future performance. Do remember that the value of an investment and the income generated from them can fall as well as rise and is not guaranteed, therefore, you may not get back the amount originally invested and potentially risk total loss of capital. Investment in Funds managed by the Cashflow Solution team involves foreign currencies and may be subject to fluctuations in value due to movements in exchange rates. The Liontrust European Growth Fund holds a concentrated portfolio of stocks, if the price of one of these stocks should move significantly, this may have a notable effect on the value of the respective portfolio. The Liontrust Global Income Fund's expenses are charged to capital. This has the effect of increasing dividends while constraining capital appreciation.


The information and opinions provided should not be construed as advice for investment in any product or security mentioned, an offer to buy or sell units/shares of Funds mentioned, or a solicitation to purchase securities in any company or investment product. Always research your own investments and (if you are not a professional or a financial adviser) consult suitability with a regulated financial adviser before investing.


Citywire information is proprietary and confidential to Citywire Financial Publishers Ltd ('Citywire'), may not be copied and Citywire excludes any liability arising out of its use. © 2020 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.  Past performance is no guarantee of future results.

Back to top