Abrdn Financial News

03.11 / 12:37

Asia Abrdn Investment trusts New Dawn Asia Dragon NAV drops 16.7% as merger approaches

The trust has seen a permanently wide discount rate in recent years, hovering around 10%, but this has since begun to widen further, sitting at 16.2% in its annual results.

03.11 / 08:55

Asia Abrdn Investment trusts Annual results Asia Dragon NAV drops 16.7% in annual results as merger approaches

The trust has seen a permanently wide discount rate in recent years, hovering around 10%, but this has since begun to widen further, sitting at 16.2% in its annual results.

30.10 / 08:45

US Abrdn Investment trusts Specialist end abrdn completes acquisition of US specialist healthcare closed-end funds

Stephen Bird, CEO of abrdn

25.10 / 07:47

Abrdn People moves Manager duo steps down from abrdn Global Innovation Equity as part of reshuffle

Jamie Mills O’Brien continues to manage the Global Innovation Equity fund.

24.10 / 11:07

acquisitions US companies Abrdn end abrdn to acquire £600m closed-end fund assets from First Trust Advisors

This marks the third acquisition abrdn has completed in this space over the past 12 months, making it, by its own calculations, the third-largest manager of closed-end funds globally.

20.10 / 12:59

Asia Abrdn Investment trusts People moves Investment Trust abrdn Asia Focus manager Hugh Young to retire after 43 years

Hugh Young (pictured) is retiring from the industry after 43 years.

16.10 / 12:19

Europe M&A companies Abrdn Acquisition private equity abrdn to sell European private equity business for £60m

Stephen Bird (pictured) has been CEO of abrdn since September 2020.

03.10 / 14:19

Reuters Venture Capital companies Abrdn Alternatives private equity Boutique abrdn completes sale of $4bn US private equity and venture capital business to alternatives boutique

abrdn said the sale underlines its commitment to exit non-core businesses that 'no longer align to its overall offering or product strategy'.

29.09 / 08:27

Invesco Abrdn Returns end Aviva Investors backs absolute return despite end of GARS and Invesco Global Targeted Returns

Peter Fitzgerald (pictured) has managed the Aviva Investors Multi-Strategy (AIMS) Target Return fund since its launch in 2014.

28.09 / 14:59

Invesco Abrdn Returns end Aviva Investors backs absolute return despite end of GARS and Invesco Global Targeted Returns

Peter Fitzgerald (pictured) has managed the Aviva Investors Multi-Strategy (AIMS) Target Return fund since its launch in 2014.

15.09 / 11:45

Abrdn People moves Montanaro AM founder's son joins firm

Montanaro’s father, Charles Montanaro, will remain chair of the firm and chair of its investment committee.

05.09 / 07:43

companies Abrdn Acquisition Takeover LGT completes £140m takeover of abrdn's DFM business

'The completion of this transaction marks another milestone in LGT Wealth Management’s journey from inception in 2008.'

23.08 / 08:03

Morningstar UK companies Abrdn FTSE 100 Liontrust to lose FTSE 250 spot in reshuffle as abrdn drops out of FTSE 100

The latest FTSE quarterly reshuffle may not see any asset managers or investment companies join the UK’s blue chip index.

14.08 / 12:23

Invesco Abrdn Unit trusts/OEICs Columbia Threadneedle equities St. James's Place Artemis equity funds Spot the Dog: Number of consistently underperforming equity funds soars to 56

The report also identified nine ‘great danes’ – underperforming funds with assets over £1bn – up from six in February.

11.08 / 12:27

Abrdn Investment trusts People moves International 2024 Murray International trust manager Bruce Stout to retire in 2024

Bruce Stout (pictured) has been at abrdn since 1987 and has worked as lead investment manager for Murray International since 2004.

01.08 / 11:03

Abrdn People moves Business roles abrdn regional head of UK client group departs

John joined abrdn in January 2020 from consultancy services provider Ilex Associates where he worked as managing principal.

27.07 / 14:35

Abrdn Unit trusts/OEICs abrdn to merge GARS into diversified asset funds

GARS is one of three strategies affected by the review, with the remaining two set to close later this year.

26.07 / 11:21

asci Abrdn Investment trusts Merger abrdn Smaller Companies Income trust to merge with Shires Income

Shires is also managed by abrdn, led by Iain Pyle and Charles Luke.

12.07 / 10:49

Abrdn funds abrdn shuts Strategic Investment Allocation fund

The fund has lost 36.1% over the last five years, while the IA Specialist TR sector is up 20.1%.

11.07 / 08:05

Bank of America industry Abrdn schroders Asset Managers BofA reiterates 'underperform' rating on UK asset managers amid subdued flows

Heading into Q2 and H1 2023 results, the Bank of America has cut the sector’s annual earnings per share (EPS) by 2-3%.

03.07 / 11:43

Abrdn Investment trusts abrdn's UK Commercial Property REIT chair retires

McCullagh has served as chair since January 2020, sitting on the board since 2013. Credit: WBCSD

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