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.

Gilbert sells £771k Aberdeen shares to 'diversify'

Gilbert sells £771k Aberdeen shares to 'diversify'

Aberdeen Asset Management's CEO Martin Gilbert has refreshed his pension by selling a chunk of shares held in his firm.

Gilbert has sold 300,000 shares from his pension fund at 257p per share equating to £771,000. The proceeds re-invested in Aberdeen's managed funds in a bid to diversify his portfolio.

Following the disposal Gilbert's stake in the company stands at around 6.8 million shares.

Gilbert's move comes just a few days after Aberdeen saw assets under management jump 6% in the first two months of the year.

Assets rose from £173.9 billion on 31 December 2011 to £184.4 billion on 29 February. Net inflows stood at £1.4 billion for the period with inflows into higher margin products adding £20 million in annual revenues.

Shares in Aberdeen closed last night on 259.1p, around 6p below their 52-week high.   

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter