The £730m range is to move across along with the entire multi-manager team, which includes co-heads Aidan Kearney and Graham Duce. The team will join on July 1, with the 12 onshore funds and four Sicavs set to move a month later.
Last December, Aberdeen acquired the majority of Credit Suisse’s fund management business in an all-share deal worth £250m. At the time of the deal, the multi-manager arm was to remain with Credit Suisse as part of its alternative solutions unit.
Skerritt Consultants head of investments Andrew Merricks says: “I like Aidan and Graham and I think they will be an asset to Aberdeen, who in turn may have realised that it now needs a multi-manager offering to be a main player in the market.”
