Investment giant Abrdn will allegedly axe a number of roles in its multi-asset team, just a matter of weeks after the departure of its Global Absolute Return Strategy's head.
Source: Sharecast
According to the Financial Times, at least 27 team members will be offered voluntary redundancy as part of a strategic review of the firm's multi-asset range.
Abrdn initiated a review into its multi-asset range after Aymeric Forest, the head of the team running its GARS fund, left the FTSE 100-listed group back in February.
As of 1030 BST, Abrdn shares were up just 0.049% at 202.70p.
Reporting by Iain Gilbert at Sharecast.com
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