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...
Surprise decision by voters
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Existing operations to remain in UK
Reporting to head of fixed income Johnson
$14bn also pulled from global equity ETFs after vote