Abrdn News Today

The abrdn PE Opportunities trust has changed its name to Patria Private Equity, following the completion of the sale of abrdn’s European PE business.

Abrdn has defended its decision to drop most of the vowels from its name following claims that the brand makeover has made it a victim of “corporate bullying”.

Momentum Global Investment Management has opened up its restricted Momentum Passive Plus MPS to a wider group of UK financial advisers.

Positive market movements have helped push abrdn’s AUMA over the £500bn mark, as net flows turn positive for the first time since last summer.

Investment manager Abrdn recorded net inflows of £800m in the first quarter of the year, driven by stronger markets.

Peter Branner, chief investment officer at the business, hit out at the criticism, in comments which have also faced fresh mockery.

This article was first published as part of the Friday Briefing series, which is available exclusively to Investment Week members each week.

Abrdn plc (OTCMKTS:SLFPY – Get Free Report) declared a dividend on Thursday, February 29th, NASDAQ reports. Stockholders of record on Friday, March 15th will be given a dividend of 0.3203 per share on Wednesday, May 15th. The ex-dividend date of this dividend is Thursday, March 14th. abrdn Price Performance SLFPY opened at $7.72 on Wednesday. […]

Fund manager Abrdn said on Tuesday that it has started work on its plans to cut around 500 jobs as part of a cost-reduction programme that is running ahead of targets, as it posted a narrowing of its full-year losses but warned of a hit to margins as clients shift to passive investing.

By Elena Vardon Abrdn posted better-than-expected results for its main metrics despite market conditions leading to outflows in 2023, which it sees...