Chris Hughes, Columnist

Would You Rather Run Some of KKR or All of Abrdn?

Running an active asset manager looks like a thankless task. But never underestimate the attraction of being the boss.

July 18, 2024 at 4:00 AM UTC

Chris Hughes is a Bloomberg Opinion columnist covering deals. Previously, he worked for Reuters Breakingviews, the Financial Times and the Independent newspaper.

For pity’s sake, restore those vowels.
Photographer: Jonne Roriz/Bloomberg

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Three big jobs in the UK investment industry are vacant, including the chief executive officer role at two listed fund managers. But who would want to take on this thankless task given the dire state of active investing?

Schroders Plc, with £760 billion ($984 billion) under management, is seeking a replacement for Peter Harrison who retires next year. Abrdn Plc, which oversees £508 billion, is looking to appoint a permanent CEO after Stephen Bird left in May, prompting finance director Jason Windsor to step up for now.