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...Gilbert built his reputation in the City as a prolific dealmaker during his time at Aberdeen Asset Management, which he established in 1983....
...The asset manager has also restructured, closed, or merged more than 250 of its investment funds....
...s investment funds as part of the cost-cutting effort....
...UK investment group Abrdn is axing about a fifth of its multi-asset team as part of a broader restructuring, highlighting the pressure on midsized asset managers to preserve profits by deepening cost cuts...
...Abrdn has poached a senior executive from one of the largest global pension investors for the newly created role of chief investment officer as the fund group attempts to revive its fortunes and devise a...
...Friedman said the management team of ECP, which includes lawyers and former cannabis investors, have “complete control of the acquisition and the assets”, adding that “no previous shareholders retain any...
...Martin Gilbert, in his Aberdeen Asset Management days, tried a similar strategy....
...Although the performance of its funds improved — with 81 per cent of its assets under management beating benchmarks over the three years to September 2023, compared with 53 per cent a year earlier — investors...
...The £495bn fund group announced an overhaul of its brand in April 2021, which saw it change its name from Standard Life Aberdeen to Abrdn....
...of the Asian and emerging markets equities funds upon which Aberdeen Asset Management made its name....
...Stitching together Standard Life and Aberdeen Asset Management in 2017 was meant to offer protection against the threat of passive investing....
...This performance cemented their dominance over the rest of the industry — the 20 hedge funds that have performed best since their inception manage 19 per cent of assets but they made around a third of annual...
...Meanwhile, scores of fund managers have left the firm or been axed in the past few years, including a large part of the company’s multi-asset team....
...More than 100 of the group’s investment funds have been closed, restructured or merged, and last year about a fifth of the group’s multi-asset team were cut....
...Since then, more than 250 of Abrdn’s investment funds have been closed, restructured or merged in an effort to improve its performance....
...Shares in the company, which was formed by the 2017 merger of Standard Life and Aberdeen Asset Management, were trading up about 1.5 per cent by Wednesday afternoon....
...And Lex weighed in too, labelling the group — formed by the merger between Aberdeen Asset Management and Standard Life in 2017 — the Frankenstein’s monster of fund management....
...It owns a 50 per cent share in the UK’s Aberdeen, Glasgow and Southampton airports and 60 per cent of Dalaman airport in Turkey....
...The deal brings Wood into partnership with Martin Gilbert, a veteran dealmaker and former chair of Aberdeen Standard Investments, whose company AssetCo previously owned Rize....
...I think of this place when I read about burgeoning multi-manager hedge funds. The comparison may be unfair, as I have had no fly-on-the-wall view of multi-managers to provide confirmation....
...“Stitching together Standard Life and Aberdeen Asset Management in 2017” created a Frankenstein’s monster....
...So I don’t know whether this has really reached the shores of the US as a story, but there’s a big investment house over in the UK that used to be called Standard Life Aberdeen....
...The deal brings Wood into partnership with veteran dealmaker Martin Gilbert, former chair of Aberdeen Standard Investments, whose company AssetCo previously owned Rize....
...Multi-asset investors are among clients that favour ETF classes “due to their transparency, low cost and liquidity”, while some providers of unit-linked insurance products “do not have a broker set-up enabling...
...A host of big-name finance industry figures are backing a new exchange traded fund platform, Tema ETFs, that aims to help hedge fund managers create ETF versions of their vehicles.Tema, which also received...
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