SLI is to buy 75.1% stake in fund of hedge funds manager Aida Capital.
The £139bn manager says acquiring the controlling stake in Adia, subject to regulatory approval, will give the group's clients access to a wider range of alternative assets. Aida currently manages the Guernsey-based Aida Open-Ended fund and the Aida Closed-Ended fund, listed on the London Stock Exchange. The group's existing management team will continue to manage these funds as well as creating and managing fund of hedge fund products for Standard Life Investments and its clients. SLI chief executive Keith Skeoch says: "Standard Life Investments already has a strong track record i...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
