F&C's AUM rises to £106bn

The group reported assets under management increased to £105.8bn in December, up from £97.8bn at the end of 2009. Alain Grisay, chief executive of F&C, 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 flows from institutional clients, coupled with improving fee margins are tangible signs that our strategy is working. " He praises Thames River and Reit, grou...