Aberdeen sets aside $500m to meet redemptions as bond sell-off escalates
Aberdeen Asset Management has set aside $500m in credit lines to fund potential redemptions from their funds if the bond market sell-off escalates.
Aberdeen's chief executive Martin Gilbert (pictured) said either a Greek exit from the EU or an imminent US rate hike could mean it gets "ugly" in the bond market, and wants to be prepared for this eventuality....
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