F&C Investments recorded a £4.9bn outflow in the fourth quarter of 2012, with AUM hit by strategic partner withdrawals and redemptions in its wholesale business.
F&C said the largest contribution to outflows in the quarter was the withdrawal of £2.4bn of fixed income assets managed for Friends Life, taking overall strategic partner outflows to £3.6bn. The...
Simon Gergel, manager of the Merchants investment trust, forecasts a much tighter oil market this year and beyond, with a return to higher prices at some point.
The New Year started, as always, with a flurry of forecasts for the next 12 months. But with equity markets having one of their worst starts, a number of commentators have not had to wait as long as usual for some of their forecasts to look a touch optimistic.
To remain as consultant to firm
Ex-pensions minister sounds stern warning
Combined business will have £11.2bn AUM