Fortis Investment Management profits crash 50%

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EUROPE - Fortis Investment Management (FIM) still has its sights set on expansion despite seeing net operating profits plummet 50% in 2001 to EUR45m, down from the EUR90m registered the previous year.

FIM, the asset management business of Belgian / Dutch financial services group Fortis, was still upbeat about the results, claiming to have “managed to withstand the effects of deteriorated markets...

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