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Institutional Investors 

Welcome to the Liontrust website for institutional investors. Liontrust has a long history of managing investments on behalf of institutions and their clients, members and policyholders. These include pension funds (both defined contribution and defined benefit schemes), insurance companies and local government authorities.

Liontrust’s investment capabilities have been demonstrated by the number of awards the company and our fund management teams have won in recent years. This includes winning UK Manager of the Year at the Financial News Asset Management Awards 2022.

Through this website, you can read about the processes and capabilities of our investment strategies for institutional investors. You can also find the latest thinking and insights of our investment teams, including the Sustainable Investment team’s Annual Review, and the Liontrust team that works with institutional investors.

Liontrust Institutional

Liontrust strategies for institutional investors

We work in partnership with institutional investors to have a positive impact on their members and policyholders, seeking to help them reach their financial objectives over the long term.

To achieve this, Liontrust focuses on those areas of investment in which we have particular expertise. We believe in the benefits of active fund management over the long term and all our fund managers are truly active. Liontrust has seven fund management teams investing in Equities (globally and regionally), Global Fixed Income, Sustainable Investment and Multi-Asset portfolios and funds.

Each of our investment teams applies distinct and rigorous investment processes to the management of funds and portfolios that ensure the way we manage assets on behalf of institutional clients is predictable and repeatable. Our fund managers are independent thinkers and have the courage of their convictions in making investment decisions.

Global Fundamental team

On 1 April 2022, Liontrust completed the acquisition of Majedie Asset Management. This was a key acquisition in continuing to broaden Liontrust’s investment capability and enhancing further our client service.

The investment managers, who have been rebranded as the Liontrust Global Fundamental team, are highly regarded with a long pedigree in managing UK and Global Equities for institutional clients. The success of the team, headed by James de Uphaugh, is demonstrated by the quality of their institutional mandates and the management of Edinburgh Investment Trust since March 2020.

The acquisition has given Liontrust a client portal for institutional clients, called LionHub. This provides clients with details of their performance history, attribution, voting records and the latest views of the investment team, among other information.

Meet the tea

Investment strategies

Cashflow Solution

James Inglis-Jones and Samantha Gleave jointly manage the Cashflow Solution equity strategies having first worked together in 1998. James previously managed funds at Fleming Investment Management, JP Morgan Fleming and Polar Capital. Samantha formerly worked at Sutherlands Limited, Fleming Investment Management, Credit Suisse First Boston and Bank of America Merrill Lynch.

Meet the tea

Economic Advantage

Anthony Cross joined Liontrust from Schroders in 1997 and launched the UK Smaller Companies Fund a year later. Anthony’s co-managers on the Economic Advantage range of UK equity funds are Julian Fosh (formerly Scottish Amicable Investment Managers, Britannic Investment Managers, Scottish Friendly Society and Saracen Fund Managers), Victoria Stevens (who joined from FinnCap), Matt Tonge (previously on the Liontrust dealing desk), Alex Wedge (who joined from N+1 Singer) and Natalie Bell (previously on the Liontrust Responsible Capitalism team).  

Meet the tea

Global Fixed Income

Before joining Liontrust in early 2018, Phil Milburn worked at Kames Capital for 14 years, where he was Head of Investment Strategy. Donald Phillips also joined Liontrust in 2018 and was previously an investment manager in the Credit team at Baillie Gifford and worked with Phil at Kames Capital for three years. Sharmin Rahman joined Liontrust in August 2022 having previously worked at AXA Investment Managers where she had been a Senior Portfolio Manager and Analyst in the European High Yield team. Emma Veitch joined Liontrust in July 2022 having previously worked at Aegon Asset Management before taking a career break. 

Meet the tea

Global Fundamental

Headed by James de Uphaugh, the Global Fundamental team has a strong track record of active management of equities for institutional, intermediaries and their clients since 2002. Following the acquisition of Majedie Asset Management in 2022, the team brought their funds and expertise to Liontrust. 

Meet the tea

Sustainable Investment

The 16-strong team has been managing sustainable equity and fixed income strategies for more than 21 years. The team is headed by Peter Michaelis who has been managing the strategies since launch. The fund managers all joined from Alliance Trust Investments (ATI) as part of its acquisition and were previously running the Sustainable Future fund range at Aviva Investors. 

Meet the tea

Awards and Ratings

Excellence in Institutional Fund Management Awards 2022  - UK Manager of the Year Financial News Excellence in Institutional Fund Management Awards 2022 UK Manager of the Year
Online Money Awards 2022 Online Money Awards 2022 Best Investment Trust Group
FOMYA Group of the Year - Winner Investment Week Fund Manager of the Year Awards 2022 Global Group of the Year
Professional Paraplanner Awards 2022 - Best ESG Investment Solution Provider Professional Paraplanner Awards 2022 Best ESG Investment Solution Provider
Professional Paraplanner Awards 2022 Professional Paraplanner Awards 2022 Best Active Investment Solution Provider
Professional Pensions Awards 2021 Professional Pensions Investment Awards 2021 UK Equity Manager of the Year
Fund Manager of the Year Awards 2021 Investment Week Fund Manager of the Year Awards 2021 Global Group of the Year
Financial News - Asset Manager of the Year 2021 Financial News Asset Management Awards 2021 Asset Manager of the Year
Shares Awards 2021 - Best Fund Group 2021 Shares Awards 2021 Best Fund Group

Our team for institutional investors 

Frank Doyle
Frank Doyle

Head of Institutional Sales

Frank Doyle is Head of Institutional Sales at Liontrust and has 37 years of industry experience. He joined the company in 2018 have spent the previous 12 years building Investec Asset Management’s UK Institutional business. He started his career in 1985 as an investment consultant at Mercer and has held a number of senior positions in asset management companies including M&G, Dresdner RCM (now Allianz Group) and Citigroup. He has a BSc (Econ) from Cardiff University and is an Associate member of the CFA Society.
James Mowat
James Mowat

Head of Investment Companies

James Mowat is Head of Investment Companies with 28 years of industry experience. James was a Client Director at Majedie Asset Management from 2016 prior to the Liontrust acquisition in April 2022. Before joining Majedie, James worked at Baillie Gifford for 14 years where he was a Client Director responsible for a broad range of institutional global equity clients. He also chaired the product group for the firm’s largest global equity strategy, leading its client relationship team from strategy launch in 2005. Prior to that, he spent seven years at Cazenove as an analyst and UK equity fund manager. He holds a Master of Arts degree in Economics from the University of Edinburgh. He is a member of the Chartered Institute for Securities and Investment.
Jessica Ironside
Jessica Ironside

Head of Institutional Client Services

Jessica Ironside is Head of Institutional Client Service and has 13 years of industry experience. Jessica was Head of Client Service at Majedie Asset Management from 2010 prior to the Liontrust acquisition in April 2022. She holds a Master of Arts degree in Property Surveying and Town Planning from the University of Aberdeen.
Jemima Kenworthy
Jemima Kenworthy

Institutional Client Service

Jemima Kenworthy works in the Institutional Client Service team and has four years of industry experience. Jemima has a degree in Business and Management from the University of Exeter and holds the Investment Management Certificate (IMC).