F&C reports £7.2bn net outflows in 2011

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F&C Asset Management has reported £7.2bn of net outflows for 2011, during a tough year for the group as activist investor Edward Bramson seeks to turnaround the firm's fortunes.

The outflows weighed on the group's assets under management, which declined 5.4% over the year to £100.1bn. F&C attributed the fall in outflows and AUM to withdrawals from its strategic partners...

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