RPT-CORRECTED-UPDATE 1-Liontrust year pretax profit down 25%

(Repeats to fix transmission fault) (Corrects headline to show that profit fell)

* Says current financial year will be "challenging" * Dividends 7.5 pence per share

LONDON, June 10 (Reuters) - UK fund manager Liontrust Asset Management (LIO.L) posted on Wednesday a 25 percent fall in pretax profit in the year to March 31 due to volatile markets. Liontrust said pre-tax profits amounted to 12.4 million pounds ($19.95 million), down from the 16.5 million pounds posted last year but slightly ahead of the 11.4 million pound Reuters consensus estimates.

The company said it will pay a 7.5 pence per share total dividend for the full year. This compares with the 12.5 pence paid for the year to March 2008.

Assets under management stood at 1.9 billion pounds down compared with the 4.7 billion pounds posted in the same period last year.

(For the Hedge Hub blog, visit: blogs.reuters.com/hedgehub/ For the Global Investing blog, visit: here) (Reporting by Cecilia Valente, Editing by Sinead Cruise )