F&C Asset Management revealed net outflows of £4.9bn in the last quarter of 2012, as the investment house struggles to regain momentum under activist investor Edward Bramson.
The 144-year-old firm said the largest contribution to outflows in the quarter was withdrawal of £2.4bn of fixed income assets managed for Friends Life, as the life insurer moves management of its ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
