Aberdeen

Pre-tax profit at Aberdeen Asset Management rose by 44% in the 12 months to the end of September even as net new business dropped by £1.6bn over the same period.

SPECIAL REPORT

Close Asset Management fixed income head Mark Parry has joined Aberdeen as a senior investment management within its multi-asset team.

Investment management firms' EMD heads at odds after country sees bonds downgraded to junk status.

HSBC slashes target prices for many large UK-listed groups, claiming the sector is not ‘uniformly good value'

Aberdeen Asset Management has launched an additional multi-asset fund for Mike Turner with a bias towards emerging markets.

Aberdeen Asset Management has moved to make its Infrastructure fund more exposed to emerging market listed companies as part of an overhaul of its offshore range.

Last week's decision by the Swiss National Bank to cap its exchange rate to a minimum of CHF1.20 to the euro will not rescue the Swiss economy, said Jennifer McKeown, senior European economist at Capital Economics.

Major companies favoured by leading European fund managers are facing severe price pressures as the global flight to safety propelled the Swiss franc to new heights today.

Chaos in markets across the globe this week following heavy sell-offs prompted some commentators to warn of a new credit crunch, and left investors desperately seeking safe assets.