Aberdeen Appoints Head for Expanded Absolute Return Business

Summary

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LONDON (HedgeWorld.com) - Aberdeen Asset Management, a top-15 U.K. fund manager with $135 billion under management, has appointed Andrew McCaffery as its inaugural head of absolute return strategies. Mr. McCaffery joins the fund manager from Attica Alternative Investments, where he was chief executive.

The absolute return investment operation will complement Aberdeen's traditional fund management divisions. The move comes as U.K. institutional investors look increasingly to hedge funds and funds of funds in the development of new investment and business strategies.

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Aberdeen Appoints Head for Expanded Absolute Return Business

"Following the purchase in 2005 of Deutsche Asset Management's fixed-income busin...

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