Henderson Group, one of Europe’s largest investment managers, continued to suffer client withdrawals in the third quarter, with net fund outflows of £1.2bn ($2bn). This follows £2.9bn of withdrawals in the first six months of the year.

However, the Anglo-Australian company increased its assets under management by 9 per cent to £57.7bn since the end of June, with positive market and foreign exchange movements contributing £5.9bn, Henderson said on Thursday.