FCAM AUM grows but outflows continue

F and C Asset Management (FCAM) has seen strong investment returns in the first quarter offset by significant outflows of investor funds.

By the end of March assets under management (AUM) had increased to £101.8bn from £100.1bn at the end of December.

The performance of F&C's funds added £3.615bn but there was a net outflow of £1.715bn.

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The weakest performer amongst F&C's divisions was the consumer and institutional arm, which Executive Chairman, Edward Bramson, said would be addressed in the second phase of the firm's ongoing strategic review.

BS