Aberdeen lags as European fund flows rebound, Citi favors alternatives like Bridgepoint and CVC Capital

In April, European asset managers saw a strong rebound in fund flows driven mainly by market recovery, but Aberdeen Group experienced continued outflows, mostly from lower-margin business areas. Citi highlighted Man Group as a top performer with ongoing inflows despite its focus on lower-margin strategies. The bank prefers selected alternatives managers such as Bridgepoint Group and CVC Capital for potential earnings growth. Overall, passive strategies led net inflows, though much of the recovery was due to market movements rather than new investments, with valuations near historical averages.