The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Thursday, November 19, 2015|
This Multinational Asset Manager Does Not Want to Be Sold
The chief of a multinational, Europe-based asset manager with a U.S. mutual fund business continues to publicly fight talk of a sale.
"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.
Printed from: MFWire.com/story.asp?s=53007
Copyright 2015, InvestmentWires, Inc.
All Rights Reserved