F&C Asset Management, the UK fund manager formed by last year's merger of F&C and Isis Asset Management, said today that clients had withdrawn a total £1.6bn (€2.3bn) from different parts of the business in the first six months of this year.

Institutional clients withdrew a net £604m - £2.07bn in inflows less £2.67bn in outflows.

Helen Fowler

Lloyds TSB

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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Investors pull a net £1.6bn from F&C

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