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City veteran's latest venture is trying to keep a lid on costs

Online Editor

Fund management veteran Martin Gilbert is having to cut millions in costs from his AssetCo business after what he called an "exceptionally difficult" year for the sector.

The former Standard Life Aberdeen boss's new dealmaking venture posted a loss of £26.7m for the year ended 30 September 2023, according to results published on 18 March.

Martin Gilbert blames ‘exceptionally difficult’ year for AssetCo’s £27m loss

Martin Gilbert hails ‘exceptionally difficult’ year for fund houses as AssetCo loses millions

Justin Cash

AssetCo

Standard Life Aberdeen

Glencore

Investing

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