This morning, Liontrust Asset Management has published its FY26 results with adj. diluted EPS down 35% YoY to 36.7p (-0.5% vs consensus) and adj. operating profit down 36% YoY to £29.5m (-0.1% vs consensus). This was driven by management fee revenues down 23% YoY to £119.3m (-2% vs consensus), performance fee revenues up 3% YoY to £3.7m (lighter than consensus) offset by underlying costs down 16% YoY to £93.5m (4% lighter than consensus). DPS were 19p and (in-line with expectations). We increase ....