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LGIM, Aberdeen levy exit penalties on UK property funds
Aberdeen Asset Management and LGIM have announced a 17% and 15% value cut on their respective commercial property funds, following suspensions on trading by the UK’s largest property funds.
Consolidation set to move up asset management agenda
Further asset management consolidation is on the horizon but the line between predator and prey is increasingly blurred Numis said in a note on Friday.
Aberdeen chairman to depart as outflows continue
Aberdeen Asset Management’s Roger Cornick is to retire as chairman and non-executive director at the end of this financial year, 30 September 2016.
Aberdeen shares drop on larger-than-expected outflows
Shares in Aberdeen Asset Management were as much as 4.6% lower in morning trade as the firm released full year numbers slightly below analysts’ expectations.
People Moves | 16 Nov 15
Aberdeen to announce job cuts
Aberdeen Asset Management will announce job cuts at the end of the month, but these will not include front-end investment staff, according to weekend newspaper reports.