Standard Life Private Equity trust takes on abrdn name

Alan Devine becomes chair

The £1bn Standard Life Private Equity trust has been renamed the abrdn Private Equity Opportunities trust.

In an announcement today, 4 April, the board said the change would not affect the structure, management or investment strategy of the company. Following the change there is just one trust, Standard Life Investments Property and Income, that retains the Standard Life brand. abrdn run 22 trusts, according to Morningstar. The ones that had the Standard Life name have been steadily adopting the abrdn name at the discretion of their boards and normally during the annual general meeting. Defence and volatility define top investments in March Separately, Alan Devine became chair of the...