“I should stress at this point that Aberdeen is extremely positive about China in the medium to long-term. We believe its growth rate will continue to outstrip its Western counterparts and it will evolve from being essentially an offshore manufacturing centre into a truly modern economy.”
Currently with £307.3bn under management, Aberdeen has been busy these past few months, demonstrating an appetite for diversification.
In May it bought US private equity and venture capital business Flag Capital Management, August saw Gilbert add US hedge fund group Arden Asset Management to his empire while also launching an alternative strategies vehicle, and earlier this month, it announced plans to dip its toe in the platform market with the acquisition of Parmenion Capital Partners.
Aberdeen declined to comment.
