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.

Martin Gilbert uses £1.5m windfall to buy Scottish farmland

2 Comments
Martin Gilbert uses £1.5m windfall to buy Scottish farmland

Aberdeen Asset Management chief executive Martin Gilbert (pictured) has used the proceeds of a share sale to buy farmland in Angus.  

Gilbert sold 500,000 shares in Aberdeen on 26 September at around 306.8p netting him £1.53 million.  

The disposal comes after he sold a £2.5 million stake in the business earlier in this year as he looks to diversify his portfolio following the strong performance of Aberdeen’s shares. The firm closed last night on 308.5p, just shy of its 12-month high of 311.3p. 

Gilbert believes farmland is one of soundest investments at the moment. A spokesperson for Aberdeen said: ‘I believe Martin feels that land is a good long term investment, particularly given no one can make more land.’  

Gilbert continues to hold around 2.3 million shares in Aberdeen.

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 Potential US rate rise, cheap oil & the Europe opportunity

Potential US rate rise, cheap oil & the Europe opportunity

This week we analyse the implications of a possible rise in US interest rates, the impact of cheap oil and the European equity opportunity.  

Play Carmignac's Crowl: what QE could mean for Europe

Carmignac's Crowl: what QE could mean for Europe

The ECB is widely expected to finally fire its QE gun this week. Carmignac's Sandra Crowl discusses the implications for the eurozone.

Play Grexit worries, currency wars and a grizzly outlook for 2015?

Grexit worries, currency wars and a grizzly outlook for 2015?

The first Investment Pulse of the year looks at the potential impact of Greece leaving the euro, volatility in currency markets and the UK’s economic prospects.

Your Business: Cover Star Club

Profile: DIY investing is biggest threat to industry, says Whitechurch

Profile: DIY investing is biggest threat to industry, says Whitechurch

The industry is at risk of pushing potential investors down the DIY route unless it does more to make its services accessible says the Whitechurch Securities boss

Wealth Manager on Twitter