FandC hit by outflows of 20bn
F&C was hit by strategic partner outflows amounting to £20.3bn.
F&C was hit by strategic partner outflows amounting to £20.3bn.
F&C global strategist Ted Scott has retired after 30 years at the asset management firm.
F&Cs Gareth Morgan-led emerging Europe equities team is to take on management of the Dublin-listed Eastern European Fund from Nevsky Capital, with effect 30 April.
As Tigue steps down from landmark trust the pressure is on Niven to continue its steady run
F&CIT veteran Jeremy Tigue will hand reins to Paul Niven in July.
European asset managers are set to rationalise their fund ranges further, but at a corporate level a widespread M&A spree is unlikely.
The Bank of Montreal has agreed a deal to buy F&C Asset Management for £708m in cash.
Canadian group BMO Financial, or Bank of Montreal‚ has put forward an indicative offer to purchase F&C Asset Management.
After 20 years with F&C Investments head of UK retail John Yule is to leave the business and will be replaced by Rob Thorpe who joined in December last year.
Alquity Investment Management has hired Mike Sell from F&C as head of Asian equities to manage Indian Subcontinent and Asia funds.
Royal London Asset Management (RLAM) has hired former F&C marketing and communications head Tracy Fennell, while promoting internally for a new head of proposition.
F&C Investments has lunched Global Real Estate Securities Fund, designed to beat the FTSE EPRA/NAREIT Developed Global Index in all market conditions.