Schroders reveals £1.8bn of institutional fund losses in third quarter

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INSTITUTIONAL investors withdrew almost £2bn of assets from Schroders during the third quarter of 2006, latest company figures reveal.

Assets under management at the firm rose slightly from £122.3bn at the end of June 2006 to £122.8bn at September 30. Net outflows from institutional business of £1.8bn were matched by inflows of £1...

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