Anand to exit F&C

F&C's European manager Paras Anand is set to exit the firm at the end of the year.

Anand, who heads up the £166m F&C European Growth & Income fund, as well as the European Assets Trust, will continue to manage both portfolios until he leaves the firm. Anand is the group's head of European equities and joined F&C from Deutsche Asset Management in 2007. F&C confirmed Anand is set to exit on the London Stock Exchange. "The Boards of European Assets Trust have been advised by F&C Investment Business Limited ('F&C') that Paras Anand, the lead manager of the Company's portfolio, has decided to leave F&C. "Paras has been managing the Company's investment portfolio si...