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Liontrust, GAM bled €2bn from funds during failed takeover

Morningstar figures show investors pulled billions of euros from the two groups' funds during takeover talks

'The clouds of uncertainty around the troubled house remain'
'The clouds of uncertainty around the troubled house remain' Photo: Getty Images/iStockphoto

Liontrust and GAM bled more than €2bn from their European funds over the three months in which the London-headquartered asset manager was trying to acquire the struggling Swiss firm.

According to data from Morningstar, UK-listed Liontrust suffered net outflows of €1.6bn over three months to the end of July. It tabled its £96m offer for GAM in May.

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