'High priced acquisition' proves its value for F&C

Thames River – whose acquisition was criticised by new F&C chairman Edward Bramson – has helped fund manager to diversify from non-insurance clients

F&C Asset Management has been given a boost in its attempts to diversify its revenues away from its traditional insurance clients by Thames River – the fund management boutique whose acquisition was criticised by new chairman Edward Bramson.

During the battle for supremacy at F&C, Bramson had expressed reservations regarding its "expensive borrowings to pay for high priced acquisitions", including the £54m acquisition of the boutique Thames River in April 2010.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line