Abrdn confirms 500 redundancies in cost-cutting ‘transformation plan’ amid £12.4bn outflows
£150m of costs will be cut across the business over two years
abrdn GARS
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There is no ‘magic formula’ when it comes to fund selection in absolute return space
Shining a spotlight on a sector cloaked in mystique following the fall of Abrdn Gars, do targeted absolute return funds still have the power to attract investors?
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Abrdn results: Share price tumbles 10% following 66% profit slump and 83% fall in flows
Investment arm profits have fallen by 66% year-on-year
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Abrdn to fold GARS into Diversified Assets suite following poor performance
Three other absolute return funds to close later this year