F&C records £13.3bn outflows as restructuring ends

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F&C asset management has reported outflows of £13.3bn during the course of 2012, as it comes to the end of a significant restructuring under activist investor Edward Bramson.

The group's assets under management shrunk 4.9% to £95.2bn at the end of last year from £100.1bn at the end of 2011. The largest contribution to net outflows was £11.4bn from strategic partners,...

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