Asset Management

Hedge fund SurgoCap bets against Abrdn

Mala Gaonkar’s flagship strategy discloses its first-ever European short

Abrdn is searching for a new CEO after Stephen Bird stepped down in May Jose Sarmento Matos/Bloomberg via Getty Images
Abrdn is searching for a new CEO after Stephen Bird stepped down in May Jose Sarmento Matos/Bloomberg via Getty Images Photo: Bloomberg via Getty Images

Female-led hedge fund SurgoCap Partners is betting against Abrdn as the fund group hunts for a new leader.

SurgoCap initiated a 0.52% short position in the FTSE 250-listed asset manager on 1 July, according to data from Breakout Point.

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