F&C posts £4.9bn outflow in fourth quarter

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F&C Asset Management revealed net outflows of £4.9bn in the last quarter of 2012, as the investment house struggles to regain momentum under activist investor Edward Bramson.

The 144-year-old firm said the largest contribution to outflows in the quarter was withdrawal of £2.4bn of fixed income assets managed for Friends Life, as the life insurer moves management of its ...

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