Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Aberdeen Asset Management eyes hedge fund acquisition

Aberdeen Asset Management eyes hedge fund acquisition

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.  

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Kames' Roberts: how we're positioned for rising inflation

Kames' Roberts: how we're positioned for rising inflation

Kames Capital's head of fixed income David Roberts says inflation remains robust, leading the firm to build protection into its portfolios.

Play PCMR: Brexit - get ready for double-digit sterling depreciation

PCMR: Brexit - get ready for double-digit sterling depreciation

Gina Sanchez, founder and chair at consultancy ChanticoGlobal, says a Brexit would result in a 15% depreciation of sterling

Play A-rated Devlin: why we love European tech

A-rated Devlin: why we love European tech

Citywire A-rated Vincent Devlin reveals where he sees opportunities in Scandinavia.

Your Business: Cover Star Club

Profile: Quilter Cheviot's international boss on taking the firm global

Profile: Quilter Cheviot's international boss on taking the firm global

The term ‘vertical integration’ has lost much of its descriptive value in recent months through over-use and misuse

Wealth Manager on Twitter