Aberdeen

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.

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.