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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.  

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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