F&C launches strategic review despite return to inflows

F&C Asset Management has launched a review of its strategy to enhance returns delivered to shareholders.

Despite reporting a climb in operating profits, revenues and assets under management and a return to net inflows for the first time in four years, a strategy review has been launched to ensure 'building blocks to recovery' are in place.   The group, which acquired Thames River last year, says in company results revenues have risen from £225.1m to £243.2m for the year ended 31 December 2010, while assets under management have climbed from £97.8bn to £105.8bn. Inflows came in at £272m (ex-insurance), compared to 2009's net outflow of £3.74bn, and group operating profits rose to £69.2m, ...