Liontrust Asset Management's two executive directors have added to their shareholdings following the release of a trading statement for the year to March 2010.
Chief executive Nigel Legge and chief operating officer and finance director Vinay Abrol each bought 180,039 shares at 105p a share. Legge owns 1.05m shares (3.12%) while Abrol owns nearly 591,000 shares (1.75%).
The trading statement showed that Liontrust has £1.16bn under management on 24 March. That is a small decline from the £1.18bn managed at the beginning of the year. The investment manager has received performance fees of £100,000 in the past three months, which takes the total performance fees for the year to £3.4m.
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The Liontrust Credit Absolute Return Fund was launched on 17 March.
Liontrust is progressing with its plan to cut £2.5m from annualised costs.
Full year figures will be published on 16 June.
Top Director Buys
Liontrust Asset Managament (LIO) Director name: Mr Nigel LeggeAmount purchased: 180,039 @ 105.00p Value: £189,041
Liontrust Asset Managament (LIO) Director name: Mr Vinay AbrolAmount purchased: 180,039 @ 105.00p Value: £189,041
Weir Group (WEIR) Director name: Mr Lord Smith of KelvinAmount purchased: 10,000 @ 957.50p Value: £95,750
Air Partner (AIP) Director name: Mr Chuck PollardAmount purchased: 25,000 @ 362.00p Value: £90,500
Galiform (GFRM) Director name: Mr Matthew IngleAmount purchased: 104,340 @ 80.40p Value: £83,889
Galiform (GFRM) Director name: Mr Mark RobsonAmount purchased: 69,074 @ 80.40p Value: £55,535
Resolution (RSL) Director name: Mr Mel CarvillAmount purchased: 65,000 @ 77.85p Value: £50,602
Lupus Capital (LUP) Director name: Mr Jamie PikeAmount purchased: 65,000 @ 76.75p Value: £49,888
Lupus Capital (LUP) Director name: Mr Denis MulhallAmount purchased: 65,000 @ 75.62p Value: £49,153
John Menzies (MNZS) Director name: Mr Paul B DollmanAmount purchased: 11,883 @ 350.95p Value: £41,703
Top Director Sells
Eurasian Natural Resources (ENRC) Director name: Dr Johannes SittardAmount sold: 167,815 @ 1,201.00p Value: £2,015,458
Kier Group (KIE) Director name: Mr John DoddsAmount sold: 25,000 @ 1,070.00p Value: £267,500
Bunzl (BNZL) Director name: Mr Patrick LarmonAmount sold: 30,000 @ 739.68p Value: £221,904
Filtrona PLC (FLTR) Director name: Mr Mark HarperAmount sold: 88,977 @ 213.00p Value: £189,521
Filtrona PLC (FLTR) Director name: Mr Steve CrummettAmount sold: 29,535 @ 213.00p Value: £62,910
Rotork (ROR) Director name: Mr Carlos ElviraAmount sold: 4,100 @ 1,441.00p Value: £59,081
Filtrona PLC (FLTR) Director name: Mr Jon GreenAmount sold: 22,948 @ 213.00p Value: £48,879
WSP Group (WSH) Director name: Mr Christopher ColeAmount sold: 15,854 @ 272.00p Value: £43,123
ROK (ROK) Director name: Mr Garvis SnookAmount sold: 99,357 @ 39.25p Value: £38,998
Workspace Group (WKP) Director name: Mr Harry PlattAmount sold: 160,000 @ 22.75p Value: £36,400
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