F&C launches strategic review despite return to inflows

The group, which acquired Thames River last year, also reported a climb in operating profits, revenues and assets under management for 2010. However, a review has been launched to ensure 'building blocks to recovery' are in place.   Revenues rose from £225.1m to £243.2m, while assets under management climbed from £97.8bn to £105.8bn. Inflows were £272m (ex-insurance), compared to 2009's net outflow of £3.74bn while group operating profits rose to £69.2m, up from £59.9m. Grisay says: "Major building blocks for a recovery have been put in place. To ensure we maximise the delivery of ...