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The arousal sparked by uncertainty puts us right where we should be in times of flux, at the raw edge of change. “It means we’re in tune with the environment.”In other words, it pays to lean into uncertainty in times of change. It pays to lean into uncertainty in times of change. Maggie JacksonPeople whose stress levels were most attuned to the game’s fluctuating levels of uncertainty made the most accurate predictions. It may seem surprising that people who can cope with and are even drawn to disquieting not-knowing take such delight in life.
Persons: Maggie Jackson’s, Maggie Jackson Karen Smul, Nicholas Bloom, Maggie Jackson, , Joseph Kable, Robb Rutledge, Rutledge, Todd Kashdan, Paul Silvia, Stephanie Gorka of, disquieting, Nicholas Carleton, Stephen Bird, Stephen Organizations: Prometheus Books, CNN, Stanford University, University of Pennsylvania, Yale University, George Mason University, , University of North, Stephanie Gorka of Ohio State University, University of Regina, Twitter, Facebook Locations: Rhode Island, University of North Carolina, Greensboro, Canada
Abrdn’s turnaround is a work in progress
  + stars: | 2023-08-08 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/Illustration/File PhotoLONDON, Aug 8 (Reuters Breakingviews) - Abrdn’s (ABDN.L) machine is firing on two of its three cylinders. The latter two units are growing, but the stock-picking arm – once Abrdn’s core business – needs more attention. The 1.5 billion pound deal, which closed last year, boosted Abrdn’s exposure to the business of managing savings. Since some of that windfall will disappear when rates fall, Bird needs to speed up his turnaround of Abrdn’s core funds business. The 3.9 billion pound company’s turnaround has a long way to go.
Persons: Dado Ruvic, Stephen Bird, Hargreaves, Bird, Neil Unmack, Peter Thal Larsen, Oliver Taslic Organizations: REUTERS, Reuters, Interactive, Twitter, Siemens, Thomson
Emerging markets are oversold, Abrdn CEO says
  + stars: | 2023-08-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEmerging markets are oversold, Abrdn CEO saysStephen Bird, CEO of Abrdn, discusses the outlook for global markets and monetary policy.
Persons: Stephen Bird
M&G would be a tricky hop for kangaroo raider
  + stars: | 2023-03-02 | by ( Neil Unmack | ) www.reuters.com   time to read: +3 min
LONDON, March 2 (Reuters Breakingviews) - M&G (MNG.L) would be a tricky hop for Macquarie (MQG.AX). The $48 billion Australian financial powerhouse may bid for the $6 billion UK insurer. The appeal is likely to be in the fund management group. Macquarie’s own asset management arm accounted for over 30% of net profit in the first half of its current financial year. Follow @Unmack1 on TwitterCONTEXT NEWSAustralian banking group Macquarie is considering a bid for UK insurance and asset management group M&G, Sky News reported on March 1.
Abrdn turnaround is still a marathon, not sprint
  + stars: | 2023-02-28 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Feb 28 (Reuters Breakingviews) - Abrdn (ABDN.L) still has one big problem. Chief Executive Stephen Bird’s turnaround at the $5 billion asset manager is gaining traction. Full-year results on Tuesday showed that interactive investor, the savings platform he acquired last year, grew revenue by 20%, despite lower trading volumes. Assets under management fell 19%, after factoring in falling markets and client outflows, to 376 billion pounds, while operating profit fell 55%. That may cost some 200 million pounds, nearly double the unit’s 2022 operating profit.
LONDON, Feb 28 (Reuters) - British asset manager abrdn (ABDN.L) fell to a full-year pretax loss and reported a slide in client funds for 2022, as global markets turmoil and runaway inflation weighed on its finances. Abrdn reported a 615 million pound ($741 million) pretax loss for the year ended Dec. 31, compared to a 1.1 billion pound profit the prior year. Abrdn's assets under management fell 8% to 500 billion pounds from 542 billion pounds, while the company reported a further year of net outflows of client funds. The company also said it had agreed to sell its discretionary fund management arm abrdn Capital to Liechtenstein-based private bank LGT for 140 million pounds. The sale involves the transfer of around 6.1 billion pounds of assets and about 140 employees, the company said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAbrdn CEO: Making selective investments, expect Fed to continue raising ratesAbrdn CEO Stephen Bird argues the group's sweeping restructuring plan positions it well in a higher-for-longer rates environment.
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