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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.