Funds

Industry leaders have set out ambitious plans to unlock growth in Scotland’s globally-renowned asset management sector. Asset management was identified as a key engine for growth in the wider Sector Growth Strategy, 18 months ago. This new, focused plan outlines how Scotland’s deep exper

As Scottish Widows prepares to launch an open-architecture Long Term Asset Fund (LTAF) later this year, pending regulatory approval, Aberdeen Investments has been appointed an initial manager of the growth sub fund. The LTAF will provide access to the full universe of private market investments and

Dundee-based Alliance Trust has shifted part of its outsourced stock picking, from Jupiter Fund Management to ARGA Investment Management. This follows the January 2024 exit of Jupiter stock picker Ben Whitmore, who left Jupiter to start his own firm – Brickwood Asset Management.

Abrdn's chief executive, Stephen Bird, has revealed that the asset management group has a 50/50 chance of reversing years of customer outflows and achieving net positive inflows this year. Despite initial optimism with a 7% surge in shares following better-than-expected adjusted operating profits, y

Alliance Trust PLC has declared a fourth interim dividend of 6.34p per share, marking the Dundee-headquartered fund manager's 57th consecutive annual increase. The increase is up 5.7% on the equivalent dividend of 6.00p paid in the same period in the last financial year. This brings the total divide

Edinburgh-based investment giant abrdn has announced a cost cutting programme targeting an annualised cost reduction of at least £150m by the end of 2025. The firm has said it plans to cut 500 roles within its business. This move aims to restore the firm's core investments business to an accep

Imran Sattar is slated to assume the role of James de Uphaugh, the portfolio manager of the Edinburgh Investment Trust plc, once he retires in February 2024 after dedicating 36 years to the industry. The trust has been under the management of Liontrust Fund Partners LLP. Mr de Uphaugh's stewardship

Agile asset and wealth management AssetCo has acquired Indian fund manager Ocean Dial Asset Management, purchasing the entire issued share capital from Avendus Capital Asset Management. The completion follows the necessary approvals from the FCA and Indian regulators.

Big Issue Invest (BII), the investment arm of the Big Issue Group, is calling for applications to its newly launched Social Impact Debt Fund IV. Fund IV is a private debt fund, which will lend to organisations across the UK looking to grow their social impact.

Glasgow-based firm N4 Ventures, spearheaded by Gordon Merrylees, previously the managing director of entrepreneurship at NatWest, RBS, and Ulster Bank, has announced the initiation of its inaugural venture capital fund following regulatory approval from the Financial Conduct Authority (FCA). N4

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

Renowned investor James Anderson, former co-manager of Scottish Mortgage Investment Trust and retired partner of Baillie Gifford, has emerged from retirement to join Lingotto Investment Management, a firm owned by Italy's Agnelli industrial dynasty. In his new role, Mr Anderson will manage his own f

A recent study has revealed that a theoretical investment fund generated by ChatGPT is significantly outperforming the average of the UK's 10 most popular funds.

Alliance Trust PLC has announced its results for the year ended 31 December 2022 posting a Net Asset Value (NAV) total return of -7.1% and declaring a fourth interim dividend of 6.0p per share bringing its full year dividend to 24.0p. This is a 26% increase on the prior year and the 56th consec

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