F&C sees institutional assets drop by £2bn in last three months of 2006

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INSTITUTIONAL funds under management at F&C Asset Management fell by almost £2bn during the fourth quarter of 2006, latest company figures reveal.

Institutional AUM dropped from £30.1bn at September 30, 2006 to £28.1bn at December 31 following total inflows of £1.3bn and losses of £3.2bn. The asset manager warned investors to expect furthe...

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