News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Pensions

Aberdeen's shares edge higher after outflows

Asset manager's sovereign wealth mandates have slumped, as falling oil prices weigh on resource-rich states

Aberdeen's shares edge higher after outflows

Aberdeen Asset Management was one of the biggest risers in the FTSE 100 in early trading on January 27, despite reporting £9.1 billion in net outflows in the final three months of 2015 and the retirement of its chairman, Roger Cornick.

Shares in the fund management group jumped more than 5% from the previous day's close, reaching as much as 245p by 08.09 GMT, although they surrendered most of those gains to trade 0.1% higher at 233p by 13.00 GMT.

WSJ Logo