The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content


(Fred Lum/The Globe and Mail)

BMO’s $1.3-billion takeover target struggled since financial crisis

Best wishes to Bank Montreal. It won’t be easy to make a quick buck from buying F&C Asset Management.

Although F&C is a historic name in Britain, with origins dating back to 1868, the asset manager has struggled since the financial crisis. Fifty-seven per cent of assets under its watch belong to strategic partners such as pension funds and insurers who outsourced some of their investing duties. Now many of them want their money back.