Aberdeen Asset Management is reportedly looking to acquire bond fund manager Rogge Global Partners, despite recently reporting net new business outflows of £34bn for the year to 30 September.
According to Sky News, Aberdeen is one of three bidders for Rogge, the bond manager with around £25bn in AUM recently put up for sale by Old Mutual, with market sources reporting the other two bidders are Macquarie and ScotiaBank. A source close to Aberdeen reportedly said that Rogge was one of a number of deals being examined by the asset manager, and there is no certainty it will win the auction. News of the acquisition comes despite Aberdeen last week reporting net new business outflows of £34bn for the year to 30 September, including £13bn in the final quarter alone. Shares in the...
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