abrdn takes 60% haircut on Virgin Money stake as bank assumes full ownership of investment venture

Investment management agreement renewed

James Baxter-Derrington
clock • 2 min read

FTSE 250-listed asset manager abrdn has lost more than half the value of its stake in Virgin Money Investments, as the bank brings the joint venture into sole ownership.

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
member?

Login

More on Companies

Goldman Sachs takes $1bn stake in T. Rowe Price as they ink 'strategic collaboration'

Goldman Sachs takes $1bn stake in T. Rowe Price as they ink 'strategic collaboration'

Private markets push

Cristian Angeloni
clock 05 September 2025 • 1 min read
Evelyn Partners to begin sale process next month – reports

Evelyn Partners to begin sale process next month – reports

Process to kick off in October

Sahar Nazir
clock 04 September 2025 • 2 min read
Boutiques look to outsourcing and international expansion as commercial pressure mounts

Boutiques look to outsourcing and international expansion as commercial pressure mounts

Adapting to complex investment conditions

Michael Nelson
clock 04 September 2025 • 2 min read
Trustpilot