Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:This Multinational Asset Manager Does Not Want to Be Sold Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, November 19, 2015

This Multinational Asset Manager Does Not Want to Be Sold

News summary by MFWire's editors

The chief of a multinational, Europe-based asset manager with a U.S. mutual fund business continues to publicly fight talk of a sale.

Martin Gilbert
Aberdeen Asset Management
Founder, Chief Executive Officer
Martin Gilbert, founder and CEO of Scotland-based Aberdeen Asset Management [profile], tells Bloomberg Television that the publicly-traded asset manager is not on the block. Barron's also picked up on the news.

"We don't want to be sold," Gilbert said yesterday in the Bloomberg interview. "It's a great advantage being an independent asset manager."

Last month reports surfaced that Gilbert had been having informal deal discussions with rivals. Aberdeen immediately fought back against the story, yet mister market liked it: thanks to volatility in emerging markets (Aberdeen's specialty) and outflows, Aberdeen's AUM and share price have both fallen significantly in 2015, yet when the deal story broke Aberdeen's shares rose nearly three percent even as the broader market dipped. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use