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abrdn Global Absolute Return Strategies – Established removal

Date:
Author:
The Adviser Centre
IA Sector:
Targeted Absolute Return
Asset Manager:
abrdn

We are removing abrdn Global Absolute Return Strategies from our Established list and the fund will no longer feature in our service.

The fund has been on close watch for some time as performance has fallen short of expectations.  The fund targets a gross return of cash (SONIA) + 5%, evaluated over 3-year rolling periods, but this objective has not been met.  In addition, there have been various team changes relating to this strategy.  Most recently, on 1 February 2023, the firm announced that Aymeric Forest, CIO, Multi Asset Investment Solutions (MAIS), has decided to leave abrdn.

abrdn is now conducting a strategic review of its Multi Asset franchise. Russell Barlow, Head of Alternatives, is leading this review and will assume management responsibility for MAIS on an interim basis.  In the meantime, the firm has not made any changes to the named fund manager responsibilities for any MAIS fund or mandate.

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