abrdn GARS manager exits after nearly two decades

Linked with closure of AR wing

abrdn head of absolute return Scott Smith has left the company after 18 years.

He was a portfolio manager on the asset manager's flagship Global Absolute Return Strategies (GARS), which was folded into abrdn's diversified asset funds last year following a sharp decrease in assets. abrdn investments CEO Buehlmann: Closing GARS was 'difficult' but it was 'not right anymore' Smith started his career as a performance analyst at abrdn in 2006, and later became investment director of multi-asset and then head of dynamic multi-asset. He was promoted to head of absolute return in December 2022. He was also lead manager on the abrdn Dynamic Multi Asset growth fund, wh...