Clients pull £2.7bn from Schroders in three months

Pre-tax profits at Schroders, the UK-listed investment group, rose to £82m (€117m) in the quarter to September 30 from £18m a year ago, despite institutional losses of £2.7bn in the three-month period.

The group results were boosted by profits from private equity of £57.6m in the quarter compared to £3.5m for the same period last year.

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