F&C asset management has reported outflows of £13.3bn during the course of 2012, as it comes to the end of a significant restructuring under activist investor Edward Bramson.
The group's assets under management shrunk 4.9% to £95.2bn at the end of last year from £100.1bn at the end of 2011. The largest contribution to net outflows was £11.4bn from strategic partners,...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
