F&C staff face redundancies following strategic review

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Sherborne Investors' Edward Bramson's eagerly-awaited strategic review into F&C has laid out plans to cut costs, leading to staff redundancies.

The group this morning reported a £4.8bn fall in AUM for the third quarter, with its open-ended fund business posting a net outflow of £559m. Activist investor Bramson has moved swiftly to convi...

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