Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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 Hendersons' Kerley: investing in Marmite-like China

Hendersons' Kerley: investing in Marmite-like China

Citywire A-rated manager sees higher quality growth originating from China's current reforms.

Play Oil slump opportunities, Japanese recession & a UK bank conundrum

Oil slump opportunities, Japanese recession & a UK bank conundrum

Investment Pulse this week looks at further challenges for the British banking sector, Japan's return to recession and the continuing weakness of brent crude.

Play JPMAM's Georgina Brittain: the best opportunities in mid caps

JPMAM's Georgina Brittain: the best opportunities in mid caps

Brittain discusses where she sees opportunities in mid caps despite rising valuations.

Your Business: Cover Star Club

Profile: The godfather of fund-of-hedge-funds on the sector's future

Profile: The godfather of fund-of-hedge-funds on the sector's future

When Dixon Boardman started 26 years ago ‘there were 600 hedge funds and only 100 had $100 million – it was not even a cottage industry,’

Wealth Manager on Twitter