Funds to withdraw £3.7bn from F&C

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Pension funds are to withdraw £3.7bn from F&C Asset Management during the next few months, shareholders have heard.

Funds under management at F&C fell to £106bn during the third quarter of 2006 from £131bn at December 31, 2005. The bulk of the losses came from Resolution’s decision to manage its £20bn in house...

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