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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.