MutualFundWire.com: BlackRock and AQR Bet Against This Fund Firm
MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Tuesday, March 01, 2016

BlackRock and AQR Bet Against This Fund Firm


It's Larry Fink versus Martin Gilbert. Actually, it's the PMs at Fink's Blackrock [profile] versus the share price of Gilbert's Aberdeen [profile]. And word is that AQR is already betting against Aberdeen, too.

Larry Fink
BlackRock
Chief Executive Officer
Madison Marriage and David Oakley of the Financial Times report that in mid-February New York-based BlackRock took a 0.58-percent short position against Scotland-based Aberdeen. The move comes as the LSE is expected to pull Aberdeen out of the FTSE 100 index tomorrow and down into the FTSE 250.

2015 and 2016 have been rough for Aberdeen, which has suffered from the stock market pain in emerging markets. It's shares are down nearly 17 percent year-to-date as of market close yesterday, and they're down more than 48 percent in the past 12 months. Gilbert, Aberdeen's founder and CEO, has been fighting off rumors of a possible Aberdeen sale.
Martin Gilbert
Aberdeen Asset Management
Chief Executive Officer



Printed from: MFWire.com/story.asp?s=53561

Copyright 2016, InvestmentWires, Inc.
All Rights Reserved
Back to Top