F&C Asset Management AUM plunges by 18% in just six months

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F&C ASSET Management saw its assets under management slump by £20bn in the first half of the year, latest company figures reveal.

The fund manager’s interim results 2006 show AUM fell from £131bn at December 31, 2005 to £107bn at June 30, 2006. The losses reflect the withdrawal of £20.1bn by Resolution following its merge...

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