F&C Asset Management's chairman Edward Bramson has splashed out more than £200,000 on shares in the fund manager.
He took 263,000 shares at 76.68p a time.
F&C announced earlier this month that it halved losses in 2010.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Operating losses fell to £3.1m from £5.9m in 2009, though a profit before tax a year ago turned to a loss of £19.2m this time. The previous year's number benefited from a £27.9m debt exchange programme.
Assets under management rose to £105.8bn from £97.8bn at the end of 2009, helped by £4.2bn from the acquisition of Thames River Capital in September.
Top Director Buys
F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 263,000 @ 76.68p Value: £201,668
Xaar (XAR) Director name: Mr Ramon BorrellAmount purchased: 19,600 @ 240.00p Value: £47,040
WSP Group (WSH) Director name: Mr Christopher ColeAmount purchased: 10,503 @ 378.00p Value: £39,701
WSP Group (WSH) Director name: Mr Rikard Appelgren Amount purchased: 10,000 @ 378.00p Value: £37,800
Avanti Communications Group (AVN) Director name: Mr D Alan FosterAmount purchased: 7,001 @ 459.00p Value: £32,135
WSP Group (WSH) Director name: Mr Peter R GillAmount purchased: 8,403 @ 378.00p Value: £31,763
Sarantel Group 'A' Shares (SLG) Director name: Mr David WitherAmount purchased: 1,000,000 @ 1.10p Value: £11,000
Top Director Sells
Prudential (PRU) Director name: Mr Tidjane ThiamAmount sold: 204,570 @ 722.29p Value: £1,477,589
Mandarin Oriental International (Singapore) (MDO) Director name: Mr Michael HobsonAmount sold: 300,000 @ $2.10 Value: $630,090
Prudential (PRU) Director name: Mr Barry StoweAmount sold: 69,551 @ 722.29p Value: £502,360
Prudential (PRU) Director name: Mr Michael McLintockAmount sold: 27,609 @ 722.29p Value: £199,417
Prudential (PRU) Director name: Mr Nicolaos NicandrouAmount sold: 15,310 @ 722.29p Value: £110,583
-
8 of the best properties for sale with indoor swimming poolsThe best properties for sale with indoor swimming pools – from an award-winning contemporary house in East Sussex, to a converted barn in Hampshire
-
Chinese stocks slump on first trading day of 2025Chinese stocks suffered in the new year from their worst first day of trading since 2016, despite a state stimulus package
