Advance Developing Markets Fund Limited* (ADMF) has announced that Advance Emerging Capital Limited (AEC), the investment manager of ADMF, has reached an agreement with Aberdeen Asset Management PLC (AAM) whereby AAM will acquire 100% ownership of AEC. The AEC team will be based in AAM’s London office and will be part of the group’s Alternatives Division which is led by Andrew McCaffery. This transaction, which is subject to regulatory approval from the FCA, is expected to complet
15 Sep 2015
Proposed acquisition of Investment Manager
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Proposed acquisition of Investment Manager
- Published:
15 Sep 2015 -
Author:
Saumya Banerjee -
Pages:
5
Advance Developing Markets Fund Limited* (ADMF) has announced that Advance Emerging Capital Limited (AEC), the investment manager of ADMF, has reached an agreement with Aberdeen Asset Management PLC (AAM) whereby AAM will acquire 100% ownership of AEC. The AEC team will be based in AAM’s London office and will be part of the group’s Alternatives Division which is led by Andrew McCaffery. This transaction, which is subject to regulatory approval from the FCA, is expected to complet