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.
The firm said Jamie O'Brien remains manager on the strategy following the departure of senior investment director Andrew Brown in July. Brown's portfolio management responsibilities have been absorbed by the existing team.
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Reynolds and McIntyre remain at the asset manager, with Reynolds being a named manager on abrdn's infrastructure equity fund and McIntyre working on the company's global and US sustainable funds. According to the firm, this is part of a restructuring of its developed market equity teams, which began earlier this year.
The duo took on their current positions at the end of Q1 2023, abrdn explained.
The abrdn Global Innovation Equity fund was launched in February 2000 and has currently just over $200m in assets, according to data from FE fundinfo.
Performance has been hit over the last few years, with the fund underperforming the IA Global sector over the last five years, and posting negative performance for the last three. Year-to-date, the strategy is down 4.3%.
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