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Aberdeen takes pole position in race for Credit Suisse’s UK fund business

Aberdeen Asset Management is set to buy all or part of Credit Suisse’s traditional fund management business, say reports.

The share-based deal could double the group’s assets under management, with Schroders also understood to be interested in the firm.

Credit Suisse put the division, which has about £145bn in equity and bond funds, up for sale earlier this year after a strategic review.

Aberdeen has also been touted as the main suitor for troubled New Star Asset Management, however the group has made it clear that it would not take substantial debt onto its balance sheet.


The crosby show

Last week saw bank rate reduced to 2 per cent, the lowest level since 1951, but despite this cut and the fact that the Libor rate has also dropped significantly, banks have been reluctant to lend significant amounts of money.

The curious market reaction to Brexit

Written by Mike Riddell29 June 2016 Headlines over the past few days have screamed about record falls in sterling, record low bond yields and massive falls in equity prices. However, if you take a slightly longer view of markets rather than simply the one- or two-day reaction, I think it’s amazing how little markets have […]


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