New YorkUS edition · Updated hourlyLoading the wire
The intelligence brief for hedge funds, allocators and active investors

HedgeWeekly

Wall Street · Washington · The World
New York edition
Latest
Headlines appear here as the desk files
The first edition is being filed.The news desk publishes every hour. Stories appear as soon as the editor approves them.

Most recent

    Today's coverage

    US 0Global 0
    Rolling 24 hours · line marks the 60% US target

    HedgeWeekly Video

    The 60-second briefing · Weekdays before the bell
    Coming soonThe morning in sixty secondsThree stories moving US markets, filed before the open.
    Coming soonHedge fund positioningWhat the prime books are telling us this week.
    Coming soonEarnings, explainedThe numbers that mattered and what changed.
    SponsoredPresent this seriesTitle sponsorship of HedgeWeekly Video is open.

    Markets

    Earnings

    Aberdeen's ii platform draws £2.5 billion in the quarter, but outflows persist at UK fund managers

    Aberdeen's DIY investing arm grew fast in the third quarter, while its adviser and investments units and rival Liontrust kept losing money to redemptions.

    HedgeWeekly News Desk ·

    Aberdeen Group said on Wednesday that its interactive investor platform took in £2.5 billion of net new money in the third quarter, up 32% from a year earlier, lifting year-to-date inflows to £9.3 billion. The platform ended September with 533,000 customers, up 8%, and its self-invested pension customer base rose 34% to 131,000. Group assets under management and administration were £578.9 billion at 30 September, little changed from £579.4 billion at the end of June and 4% above the end of 2025.

    The rest of the group did not keep pace. Aberdeen's Adviser platform lost a net £0.7 billion, the same as in the second quarter, and chief executive Jason Windsor said a return to inflows is taking longer than expected. The Investments division had £2.0 billion of net outflows, including £1.9 billion from equities and £2.5 billion from Insurance Partners, mostly Standard Life's heritage book in run-off; institutional and retail wealth clients added £1.0 billion excluding liquidity. Group net outflows were £0.3 billion for the quarter and £3.3 billion so far this year, against £1.4 billion a year earlier. Investing.com reported that the shares fell more than 3% in London.

    Aberdeen kept its 2026 targets of at least £300 million of adjusted operating profit and about £300 million of net capital generation. It said it cut its stake in Standard Life plc this month from about 10.3% to about 5.2%, raising about £430 million, and will redeem £210 million of Additional Tier 1 debt at its first call date in December. Separately, Liontrust Asset Management reported net outflows of £459 million for the three months to 30 September, down from about £1.24 billion a year earlier, as £666 million left its UK retail funds and model portfolios while institutional mandates brought in £209 million. Its assets slipped to £24.1 billion.

    For allocators and wealth managers, the two updates point the same way: UK savers are still adding money through low-cost platforms and pension wrappers while active equity funds keep shedding assets. Liontrust's outflow was smaller than a year ago but wider than the £357 million it reported for the April-to-June quarter, so the improvement is not yet a steady trend. Things to watch next are whether Aberdeen's Adviser arm returns to inflows, and the expected completion by year-end of Liontrust's purchase of Hawksmoor, which would add about £1.9 billion of assets.

    Sources

    The Archive