Baillie Gifford's Brooks joins Aberdeen for multi-asset push

Aberdeen Asset Management has appointed Mike Brooks from Baillie Gifford as co-lead manager on its Diversified Growth strategy, alongside Mike Turner.

At Baillie Gifford, Brooks launched and managed the £5.9bn Diversified Growth fund with Patrick Edwardson. In 2013, the fund was closed to new investment after reaching £3bn in size in order to protect its performance. Aberdeen's strategy, which Brooks will now co-manage, is much smaller at just £113m and was launched in November 2011. Over the three years to 6 February, the two strategies have delivered a similar return - the Aberdeen fund is up 17%, while Baillie Gifford has returned 18%, according to FE. Aberdeen's fund is managed with a high conviction approach, aiming to ge...