Baillie Gifford, Allianz and GAM funds lose ratings in Square Mile rebalance
One new fund and one investment company also enter the Academy
Fidelity China Special Situations
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Abrdn and Fidelity seal China trust merger
Fidelity China Special Situations will buy £126.6m of Abrdn China’s assets
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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
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Portfolio insights: Video interview with Dale Nicholls
Fidelity International manager Dale Nicholls highlights earnings as a major focus for Chinese equity investors in 2024
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Abrdn invests more than £30m in shares of its own investment companies
Amount is equivalent to six months’ worth of management fees
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Fidelity and Abrdn line-up £1.2bn China trust merger
Abrdn China Investment Company (ACIC) is being wound up
