abrdn closes Listed Private Capital fund as part of consolidation push

Closed on 20 September

Elliot Gulliver-Needham
clock • 1 min read

abrdn has closed its Listed Private Capital fund following a lack of interest from investors.

The fund, which closed on 20 September, stopped accepting new investments on 27 June. In a letter to investors, Quilter said the fund had not "attracted the levels of investment abrdn anticipated at its launch", leading to a "gradual decline in its value over the past few years". Since its inception in 2018, the fund returned 67.7%, according to data from Morningstar Direct. It held around £50m in assets at the time of its closure. Asia Dragon assets swell by over £200m following abrdn New Dawn merger Manager Andrew Lister left the firm at the end of last year to join Lazard Ass...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Unit trusts/OEICs