F&C saw its assets under management decline by £2.2bn to £90.1bn in the third quarter, despite a further climb in retail inflows, the group revealed today.
Delivering its Q3 update, the group said assets fell by 2.4% from £92.3bn at the end of June due to outflows in the wholesale and third-party institutional sectors. However, it reported strong results in the retail sector with inflows of £162m during the quarter, bringing the total amount for the nine months to 30 September to £385m. This compares to outflows of £79m during the same period in 2012. Assets under management in the consumer business, which comprises retail and investment trusts and includes the group's multi-manager range, run by Rob Burdett and Gary Potter (pictured), g...
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