http://economictimes.indiatimes.com/markets/stocks/news/crude-on-the-slide-drags-aberdeen/articleshow/50019735.cms
ET Intelligence Group: Aberdeen, Europe's third-largest listed asset management company, saw an exodus by foreign investors from its India fund during the quarter-ended September leaving its assets under management (AUM) poorer by 25% as compared to the previous quarter.
Marin Gilbert, CEO of Aberdeen said on a conference call that emerging market asset managers will be hit hard as long as oil prices remain low as countries which have accumulated vast reserves of crude will be redeeming their assets. He believes that the pressure on the emerging market funds may continue in 2016 if the oil prices remain at $45-50 a barrel and his firm will continue to move away from them.
http://economictimes.indiatimes.com/news/international/business/aberdeen-denies-it-is-seeking-buyer-to-offset-asian-market-turmoil/articleshow/49537041.cms
LONDON: Aberdeen Asset Management has denied press speculation it is looking for a buyer, as it seeks to reverse an extended stock price decline and hold onto clients spooked by recent volatility in its key Asian stock markets.
Britain's Financial Times newspaper said Aberdeen's CEO Martin Gilbert had begun to court possible suitors, in an effort to staunch asset outflows and prevent an exodus of key staff worried about how company performance could hurt bonuses.
LONDON: Aberdeen Asset Management has denied press speculation it is looking for a buyer, as it seeks to reverse an extended stock price decline and hold onto clients spooked by recent volatility in its key Asian stock markets.
Britain's Financial Times newspaper said Aberdeen's CEO Martin Gilbert had begun to court possible suitors, in an effort to staunch asset outflows and prevent an exodus of key staff worried about how company performance could hurt bonuses.
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