F&C Asset Management, the listed UK fund management group, said it "made progress" during the first quarter despite volatile equity markets, illiquid credit conditions and continuing uncertainty over its ownership.
Funds under management dropped by less than 2% to £101.8bn (â¬130bn), as a longstanding trend of withdrawals from institutional investors slowed, and retail clients committed fresh cash. F&C won a net £242m into its mutual funds during the three months.
