Aligning FEC with the "buy side"

With the increasing quantum of funds under management FEC is aligning itself more with the "buy side" and will be limiting agency business to companies in which FEC has some investment exposure, in most cases. From time to time it will raise capital for companies and act as a wholesaler to the stock broking community and licenced investment advisors, but it will be rare for it to be doing so without investing its own money in those companies.