Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration 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 Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter