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.

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
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