F&C Asset Management’s clients pulled around £4bn from the UK fund manager in the final three months of 2011, partly in response to the impact of the Eurozone crisis on investors. The vast majority of the outflows were related to key customer assets and included £1.3bn from the pension scheme of Portuguese bank BCP after the Portuguese government decided to nationalise past bank pension obligations, F&C said yesterday.
F&C loses £4bn from its funds
Wednesday 1st February 2012, 1:53am
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