F&C Asset Management

Alliance Trust may find inertia its most powerful weapon in the attempt to fight off Elliott Advisors' proposals for change at the company.

Peter Lees has resigned from F&C, two months after handing over his UK equity fund to other managers.

F&C becomes BMO’s ‘European centrepiece’

Former Thames River investment director Mike Warren has returned to the asset management industry with a non-executive director position at fund boutique Alquity.

F&C's shareholders have approved the takeover of the company by the Bank of Montreal following a vote held today.

Activist investor Elliott Associates has built its stake in F&C Asset Management to 20%, ahead of a £700m deal to sell the firm to a Canadian bank.

F&C Asset Management has warned it faces ‘signicant headwinds in the short term' following the loss of its strategic partnerships, as it urged shareholders to approve a £700m takeover deal.

F&C Investments' head of UK retail John Yule is to exit the business next month.

F&C Asset Management has reported pre-tax profits of £37.3m for the half year ending 30 June 2013, citing buoyant equity markets and cost-cutting measures introduced by activist shareholder Edward Bramson.

Underlying pre-tax profit at F&C rose 11% to £52.4m in 2012 as the group's 18 month restructuring programme drew to a close.