There is something faintly British about the way Aberdeen Asset Management is being talked about at the moment.
Its results have been pored over and chief executive Martin Gilbert is being forced to deny he is trying to sell the business. Only a matter of months ago, the group made three acquisitions of smaller asset managers, including frontier markets specialist Advance Emerging Capital. The group then acquired the platform Parmenian in September, having been beaten to Nutmeg by Schroders last year. Do these acquisitions look like a business that needs to sell? It doesn't to me. Does a business which grew net revenue by 5% over the year to 30 September, even though overall assets under man...
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