Page 2 - Abrdn News Today

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

Fund manager Abrdn was leading the fallers on Tuesday after reporting its 2023 annual results, in which losses narrowed but revenues declined, as it warned of a hit to margins as clients shift to passive investing.

JP Morgan Asset Management has elected to not renew its membership with climate activist group Climate Action 100+.

FTSE 250-listed asset manager abrdn has lost more than half the value of its stake in Virgin Money Investments, as the bank brings the joint venture into sole ownership.

Liontrust has added two analysts to its sustainable investment team, bringing the total 18 members.

The lack of consensus among the Bank of England’s Monetary Policy Committee members indicates its continuously hawkish tone is shifting.

APEO trust chair Alan Devine is set to hold onto his position despite reaching the tenure limit, to help the navigate Patria merger.

Providing Consumer Duty-compliant customer support is the biggest challenge advisers are contenting with six months on from implementation of the rules, according to research.

Abrdn Private Equity Opportunities has launched a share buyback programme, as the board ramps up efforts to narrow the trust’s persistent discount.

Corrections & Amplifications This headline was corrected at 0709 GMT to reflect Abrdn 2H Net Outflow GBP12.4B, not Abrdn 2H Net InFlows GBP12.4B By...