View the article online at http://citywire.co.uk/wealth-manager/article/a635382
Aberdeen Asset Management eyes hedge fund acquisition
by Dylan Lobo on Nov 19, 2012 at 08:09
Aberdeen Asset Management is considering making a fresh foray into the market as it looks to double its hedge funds under management in the next few years.
In an interview with the Financial Times, the firm’s global head of hedge funds Andrew McCaffery told the paper: ‘Going forward there is going to be value to the size and scale of the firm.'
McCaffery also said the firm wanted to be able to compete with the largest hedge fund managers as the go head to head for the biggest mandates.
‘We have always been an acquisitive firm when we see an opportunity and we are looking at a number of ideas, but we are also looking at organically growing assets by winning new mandates.’
Aberdeen, which is headed by Martin Gilbert (pictured) manages around $4 billion in hedge fund assets.
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