U.K. Asset Managers Brace for Redemptions After Brexit Vote

  • Schroders tumbles as much as 28 percent, most since 1991
  • Buxton says brace for selling as funds aim to meet outflows

Schroders Plc and Aberdeen Asset Management Plc led a selloff in British asset managers as industry experts warned that the U.K.’s vote to leave the European Union could lead to a surge in redemptions.

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