Aberdeen Asset Management

An offshore tax avoidance scheme used by Aberdeen Asset Management to pay its employees tax-free bonuses has been closed by Scotland's most senior court.

Aberdeen Asset Management has confirmed rumours it is in talks to buy Scottish Widows Investment Partnership (SWIP) in a deal which would make it the largest listed fund management firm in Europe.

UBS has upgraded Aberdeen Asset Management from neutral to buy after the group confirmed it is in talks to buy Scottish Widows Investment Partnership (SWIP).

Shares in Aberdeen Asset Management have jumped more than 5% in afternoon trading, after the group confirmed it is in talks to acquire Scottish Widows Investment Partnership (SWIP).

Aberdeen Asset Management and Macquarie Group are the two remaining bidders battling it out for Scottish Widows Investment Management (SWIP), Investment Week understands.

HSBC Global Asset Management has launched the GIF Global Short Duration High Yield Bond fund for recent hire Mary Bowers.

Aberdeen Asset Management is launching two bond funds for its Luxembourg range and an institutional property fund investing in European real estate.

Aberdeen Asset Management has seen net outflows of £1.2bn in the two months to 31 August, pushing AUM down 4% over the period.

The board of the Aberdeen All Asia investment trust plans to change the mandate of the vehicle to Japan-only and raise additional equity.

Aberdeen Asset Management was among the worst fallers on the FTSE 100 today, down nearly 5% in morning trading, as investors react to the recent sell-offs in EMs and panic over its impact on the group.