aberdeen outflows reach 5pt5bn
Aberdeen Asset Management was hit by £5.5bn net outflows in the three months up to 30 June, the company said in its 9 month interim management statement.
Aberdeen Asset Management was hit by £5.5bn net outflows in the three months up to 30 June, the company said in its 9 month interim management statement.
Aberdeen Asset Managements new-look investment solutions business sees Mark Harries and Simon Wood as managers of Aberdeen and SWIPs legacy wholesale multi-manager portfolios.
Fund flow data for the first six months of 2014 reveals definite winners and few decided losers, in terms of money in and out.
Aberdeen Asset Management has migrated all equity funds and mandates run by Scottish Widows Investment Partnership.
Following the SWIP deal, the firm has boosted its EMD team with a promotion and new hire.
This week's head-to-head takes the battle in the global equity sphere, where these two funds take different approaches in seizing opportunities in this sphere.
Aberdeen reports net outflows for the six months to 31 March of £8.8bn, citing difficulties in emerging markets as the major factor
SWIP chief exec Dean Buckley is leaving the company with three other directors as the asset manager reshuffles its investment division.
With Spencer on board, the team is aiming to grow assets under management to £3bn in its MM Navigator and Lifestyle ranges over the next years.
The green light has been given to create Europe's largest listed asset management group
Murray International pots worst performance in “a very long time” as Stout's calls cost Aberdeen £5.3m
European asset managers are set to rationalise their fund ranges further, but at a corporate level a widespread M&A spree is unlikely.