Sept. 28 (Bloomberg) — Aberdeen Asset Management Plc is considering selling hedge funds after taking on more clients and doubling assets with the purchase of Deutsche Asset Management’s U.K. business, Chief Executive Officer Martin Gilbert said.
The Scottish company would introduce the investments using its existing managers and analysts, Gilbert said in an interview. The company doesn’t have “immediate plans,” to enter the hedge fund market, which has swelled to more than $1 trillion.
