As first reported by FTAdviser's sister publication the Financial Times, at least 27 roles in the team are to be offered voluntary redundancy as part of a strategic review into the investment manager’s multi-asset range.
A number of asset managers have restructured or reviewed their product ranges in recent months as volatile markets have put pressure on margins.
Jupiter underwent a reorganisation of its funds at the turn of the year under new chief executive Matthew Beesley, which led to a third being closed, merged or refigured.
Abrdn initiated a review into its multi-asset range after the head of the team running the Gars fund and chief investment officer for multi-asset investment solutions, Aymeric Forest, left in February.
The Gars fund has underperformed its own target over the past five years, and has shrunk from around £20bn in 2018 to £980mn at the end of March, according to FE Fundinfo.
A spokesperson for Abrdn said earlier this year Russell Barlow, global head of alternatives, assumed responsibility for working with the multi-asset team to redesign the investment process focusing on simplification.
They said: “The starting point for the redesign was an open acknowledgement of the need for change, any restructuring decisions have and will be as a direct result of collaboration and engagement.
“The end state will ensure we have a strong, client-led proposition and the building blocks to ensure we are future fit.”