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 revamps multi-manager arm

Aberdeen revamps multi-manager arm

Aberdeen Asset Management has rebranded its multi-manger and multi-asset arm to Aberdeen Solutions following the proposed merger of multi-managers Graham Duce and Aidan Kearney's fund range last December.

Aberdeen Solutions, previously known as the Alternative Investment Strategies business, has around £24 billion under management and includes a variety of pooled investment approaches including fund of hedge funds and fund of private equity funds.

‘In the wake of the financial crisis, there is significant interest from both institutional and retail investors in multi-asset or multi-manager solutions and outcome orientated investment. Aberdeen Solutions is well placed to cater for this growing demand with a broad range of pooled products and the expertise to construct bespoke portfolios,’ said Anne Richards, chief investment officer at Aberdeen.

At the end of last year, Aberdeen announced it was seeking to consolidate its multi-manger range with five proposed mergers.  The firm plans to merge the £17.7 million Aberdeen Multi-Manager UK Growth Portfolio, £25.5 million Multi-Manager International Growth Portfolio and £12.3 million Aberdeen Multi-Manager Emerging Markets Portfolio with the Aberdeen Multi-Manager Equity Managed Portfolio, which is currently around £56.3 million in size.

Graham Duce and Aidan Kearney, who manage a range of multi manger funds for Aberdeen, have underperformed the average manager according to Citywire data. Both have returned 32.44% over a three year period versus the average manager’s performance of 39.21% over the same period.

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 JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter