F&C Asset Management's spat with Sherborne Investors continued today as the group posed a number of questions to the activist investor within its fourth quarter report.
The criticism of Sherborne marred otherwise positive results, showing F&C had its first quarter of net inflows towards the end of 2010, after four years of net outflows. F&C reported assets under management increased to £105.8bn by the end of Q4, up from £97.8bn at the end of 2009. Alain Grisay, chief executive, says: "After years of outflows and the ownership uncertainty of 2007-2009, 2010 was a turning point for F&C with three-year investment track records rebuilt, strong consultant support and a return to net inflows excluding insurance assets. The combination of positive headline ...
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