Aberdeen

EMERGING MARKET DEBT

Aberdeen Asset Management has renamed its £24bn alternative investment offering, which includes its multi-manager range, to better reflect strategies within the business.

In the latest Conjecture debate, our panelists from Aberdeen Asset Management, Rathbone Unit Trust Management and S&P Capital IQ discussed Multi Asset.

Francis Brooke, manager of the £428m Troy Trojan Income fund, has initiated a position in Aberdeen Asset Management as he believes the company is transforming itself into a "cashflow machine".

Aberdeen Asset Management is moving to limit inflows into its EM fund range, including Devan Kaloo's £6bn Global Emerging Markets Equity and £2.7bn Emerging Markets funds.

Mainstream investors can remember when many of the largest countries in the emerging world experienced bouts of volatility, elevated borrowing costs, currency devaluations, high political risk and episodes of default.

ETHICAL

Shares in Aberdeen Asset Management fell during trading today after it posted net outflows of £2.8bn in the fourth quarter of last year.

Peter Elston has taken on the newly-created role of head of Asia Pacific strategy and asset allocation on Hugh Young's Singapore-based team.

Aberdeen Asset Management is set to consolidate its multi-manager range, run by co-heads of MM Graham Duce and Aidan Kearney.