Abrdn

abrdn plc's U.S. subsidiary, abrdn Inc., has entered into an agreement with First Trust Advisors L.P. to acquire the assets of four closed-end funds listed below, adding AUM totalling approximately £0.6 billion. Subject to approval by the shareholders of the respective funds, the four closed-e

abrdn Asia Focus plc, a company that holds a fundamental, high conviction portfolio of well-researched Asian small caps, has confirmed its annual results for the year ended 31 July 2023, revealing a 7.6% rise in Net Asset Value (total return). This is compared to the company’s benchmark return

Abrdn has reached an agreement to divest its European private equity division in a deal valued at approximately £100 million. The acquiring party is Patria Investments, a firm with a presence on the Nasdaq stock exchange. The transaction involves private equity assets under management (AUM) to

Edinburgh-based asset manager abrdn has reported a challenging first half of 2023, witnessing a withdrawal of £4.4 billion by clients, a significant 16% increase compared to the same period in the previous year. This reflects the heightened inflation and interest rate concerns which have shake

Murray Income Trust Plc, a fund managed by abrdn, has declared a fourth interim dividend of 12.75p per Ordinary share for the year ended 30 June 2023 (2022: 11.25p), marking fifty years of dividend increases at the firm. The dividend will be paid to shareholders on 14 September 2023.

Asset management firm abrdn has appointed Jason Windsor as its new chief financial officer and executive director. Scheduled to take up his new role by October 2023, Mr Windsor brings to abrdn almost three decades of experience within the financial services industry. He spent more than a decade with

In a recent panel event organised by the Scottish Financial Enterprise (SFE), senior executives from Encompass Corporation, Capgemini, and abrdn advocated for stronger diversity and inclusion strategies within the workplace, especially in the FinTech sector. These leaders, consisting of Ashton Montg

Border To Coast Pensions Partnership has engaged with Edinburgh-based investment giant abrdn for the development and management of its new UK real estate proposition, aiming to launch in late 2024. The partnership will target Border to Coast's 11 local government pension fund shareholders and invest

Asset management firm abrdn has appointed Anne Breen as head of real estate, as the company moves towards a simplified focus on growth by dividing its real assets division into real estate and infrastructure. Neil Slater, the global head of real assets for the past three years, is set to leave abrdn

Work has begun on a major refurbishment project at a well-known George Street building, which will deliver the first ‘defurbished’ office space on one of Edinburgh’s main thoroughfares.

Glasgow City Council's wholly owned subsidiary City Property Glasgow has secured a £210 million investment, from Phoenix Group and abrdn, to support the council’s recently settled equal pay liability.

In a move that will save millions per year, asset manager abrdn has decided to leave its head office in Edinburgh's St Andrew Square due to the increase of hybrid working at the firm.

An agreement has been reached by LGT, the international private banking and asset management group owned by the Princely Family of Liechtenstein, to acquire abrdn's discretionary fund management business in the UK and Jersey for £140 million. The transaction involves approximately £6.1 b

Spanish bank Santander, along with other interested parties, is considering to acquire abrdn's private equity unit, it has been claimed. It is unknown how many interested parties there are, however, sources have said deal is expected to be made in the next several months between abrdn and a buy

New analysis has shown Scottish households have lower levels of financial wellbeing than those in the rest of the UK as one-in-five households (21%) in Scotland are currently living in serious financial difficulty.