UK-based investment management firm Abrdn is set to cut around 20% of its multi-asset team as part of a larger restructuring effort. The move highlights the pressure on mid-sized asset managers to preserve profits by deepening cost cuts.
UK-based investment management firm Abrdn is set to cut around 20% of its multi-asset team as part of a larger restructuring effort. The move highlights the pressure on mid-sized asset managers to preserve profits by deepening cost cuts.
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