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Aberdeen bringing US funds home with team exodus from

Aberdeen Asset Management has recruited a new US equity team to bring the

management of its US funds home to the UK.

Aberdeen currently subcontracts the management of its US funds to US

player Phoenix, but will run the funds from its London offices from later

this year.

The US team led by Katherine Garrett-Cox, join Aberdeen from Hill Samuel

Asset Management. It is the latest in a chain of departures from HSAM since

it announced its merger with Scottish Widows in March.

The move is prompting IFAs to reappraise HSAM&#39s US fund.

Garrett-Cox is joined at Aberdeen by colleagues Rupert Della-Porter,

Rupert Howard, Alex Ingham and Steve Cairncross.

Chase de Vere IFA Graham Hooper says: “Katherine and her team have a very

good reputation and have done extremely well. Her departure from Hill

Samuel would certainly make you think seriously about switching to

Aberdeen.”

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