Abrdn Financial News

18.12 / 09:09

companies Abrdn Costs abrdn cuts employee benefits to reduce costs - reports

This marks the latest cost-cutting exercise at the UK asset manager, a programme which started in September 2020 to recover the firm’s share price.

15.02 / 11:23

BlackRock companies Abrdn ESG JP Morgan AM cuts ties with climate change action group

JPMAM joined in 2020, as did BlackRock and State Street Global Advisors.

14.02 / 13:52

Abrdn ESG People moves liontrust Ninety One analyst Liontrust hires sustainable investment analyst duo from Ninety One and abrdn

(L-R) Linnea Bengtsson and Connor Godsell (pictured), join Liontrust from Ninety One AM and abrdn, respectively.

14.02 / 13:51

companies Abrdn Platforms Virgin Money stake abrdn takes 60% haircut on Virgin Money stake as bank assumes full ownership of investment venture

Then-ASI purchased a 50% stake in the joint venture for £40m plus capital adjustments of £10m, for a total sum of £50m, which has been purchased by Virgin Money for £20m, a 60% discount on the original purchase price.

25.01 / 11:48

Abrdn Investment trusts Alternatives private equity abrdn Private Equity Opportunities embarks on share buyback programme

The board said it will consider expanding the programme if substantial distributions from the portfolio take place.

24.01 / 17:19

Jefferies companies Moody's Abrdn Asset Managers Experts divided on abrdn takeover risk as Bird doubles down on cost-cutting

'For fund buyers the most important aspects are the strength and stability of the business and the consistency of the team and process.'

24.01 / 17:19

Abrdn funds Quilter Three abrdn funds lose FE fundinfo 5-Crown rating

19 funds gained FE fundinfo's 5-Crown rating, bringing the total number of 5-Crown rated funds to 261.

24.01 / 08:59

companies Abrdn Asset Managers abrdn launches 'transformative' £150m cost cutting programme with 2025 deadline

Stephen Bird (pictured), abrdn CEO announced the firm would be embarking on a “transformation programme”, targeting a £150m reduction by 2025.

23.01 / 15:39

Abrdn People moves Alternatives abrdn cuts back on 'niche' ABS team in bid to keep up with UK trends

In the latest move, abrdn has opted to reshuffle the ABS team, according to a spokesperson for the firm.

23.01 / 15:39

companies Wealth managers Abrdn Sky News Business roles Fund managers ringfenced from upcoming abrdn job cuts

Investment Week understands that fund managers are not in the scope of the headcount reduction, which is set to trim roughly 10% of abrdn's workforce. (Pictured) Stephen Bird, abrdn CEO

22.01 / 09:31

Real Estate Abrdn Investment trusts Merger Custodian Property Income REIT offloads assets at 9.5% premium ahead of abrdn merger

CREI is currently running on a 17.53% discount, according to data from the Association of Investment Companies, wider than the 14.8% discount it was at when news of the merger initially broke.

15.01 / 16:29

Abrdn People moves Gravis private credit Gravis taps abrdn for private credit chief

Poulin joined from abrdn, where she was head of European private placements.

08.12 / 15:59

Abrdn Investment trusts abrdn to pour six months' worth of management fees into UK investment trust range

The asset manager said it expects the total amount invested to exceed £30m.

08.12 / 15:59

UK Abrdn People moves schroders Former FCA chair Randell joins line-up of ten City advisers to Labour party

Charles Randell (pictured), former chair of the Financial Conduct Authority

05.12 / 14:51

Abrdn Unit trusts/OEICs Wellington Management Artemis Baillie Gifford and EdenTree funds lose Square Mile A rating

In November, two strategies also retained their ratings from Square Mile.

29.11 / 09:38

Wealth managers Abrdn Investment trusts People moves Business roles abrdn head of trusts William Hemmings retires

Hemmings has spent 32 years at abrdn and 20 years in his current role, and will be replaced by Christian Pittard.

28.11 / 11:59

Abrdn Investment trusts Fidelity International abrdn China to merge with Fidelity China Special Situations

Fidelity China Special Situations will continue to be managed by FIL Investment Management (Hong Kong) with Dale Nicholls carrying on as portfolio manager.

23.11 / 15:38

companies Abrdn liontrust FTSE 100 FTSE fall Hargreaves Lansdown set to fall out of FTSE 100

Hargreaves Lansdown will likely be replaced by £4.6bn Intermediate Capital Group, a private equity investment firm, as the firm’s stock has fallen 19.2% this year, while ICG’s has risen 34.2%.

20.11 / 09:41

Abrdn abrdn CEO blocked from selling investment management business by board

Stephen Bird (abrdn), CEO of abrdn

13.11 / 12:23

Abrdn Unit trusts/OEICs Quilter consolidation abrdn closes Listed Private Capital fund as part of consolidation push

Since inception in 2018, the fund returned 67.7%, according to data from Morningstar Direct.

03.11 / 14:45

companies Abrdn AGM abrdn seeks to reassure shareholders after AGM pushback

Five resolutions received less than 80% of votes cast in their favour.