Page 3 - Abrdn News Today

By Michael Susin Abrdn said it plans to cut around 500 jobs in a push to reduce annual costs by at least 150 million pounds ($190.3 million) by the end of...

Abrdn has unveiled the extent of its latest cost cutting endeavour, which seeks to reduce annualised costs by £150m by the end of 2025.

Abrdn is to reduce its workforce by about 10% in a bid to make the business more profitable.

Baillie Gifford is set to close four fixed income funds and focus on growing its fixed income business exclusively in the UK market.

Latest news on Abrdn, including corporate developments, investment strategies, financial insights, and its impact on the world of finance

Abrdn’s latest round of cost-cutting measures have divided experts on whether CEO Stephen Bird has done enough to shore up the security of the firm

Three abrdn funds have lost their 5-Crown rating, according to FE fundinfo’s Crowns rebalance.

Fund manager Abrdn is reportedly preparing to axe hundreds of jobs in a cost-cutting drive aimed at boosting its flagging performance.

Abrdn has trimmed its ABS unit, resulting in the departure of two specialist fund managers from the group, with their fund reassigned to a new team.

Fund managers have been ringfenced from the upcoming redundancies at abrdn, Investment Week has learned.