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F&C warns of ‘significant headwinds’ as it posts £19bn net outflow

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F&C warns of ‘significant headwinds’ as it posts £19bn net outflow

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  • In its results covering the full year to december 2013, the asset manager reported a net inflow in its consumer and instituional business of £1.3bn.
  • Statutory profit after tacx came in at £10.2m, against £2.6m the previous year.
  • Chied executive Richard Wilson said: “The group faces significant headwinds in the short term as our steategic partner assets decline.

Read the full story here, on Investment Week

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