Citywire printed articles sponsored by:
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.
News sponsored by:
Today's top headlines
More about this:
Look up the shares
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
by Dylan Lobo on Jun 19, 2013 at 09:33