By Elliot Gulliver-Needham Liontrust fell into the red last year as revenue at the British asset manager fell by almost 20 per cent. In the group’s results to 31 March, it revealed that its statutory profit before tax had fallen from £49m to a loss of £579,000 as it struggled with a slowdown in UK equities and its bungled attempt to purchase Swiss rival GAM. Liontrust’s assets under management fell by 11.5 per cent throughout the year, from £31.4bn to £27.8bn, while statutory operating profit fell from £49m the year before to a loss of £1.8m. A large part of the profit decline was due to a fal…