Aberdeen Asset Management Inc. (Aberdeen) is pleased to announce it has completed the acquisition of Arden Asset Management LLC (Arden), a provider of hedge fund solutions with offices in New York and London, on December 31, 2015.
This acquisition grows Aberdeen’s global alternatives platform, which encompasses multi-manager research, selection and portfolio management for hedge-fund strategies, private equity and debt, property and other real asset investments, along with direct investments in infrastructure projects. Aberdeen can now offer its clients access and exposure to a universe of high-quality alternative investments, covering liquid strategies, private markets and real assets.
The combined hedge fund solutions team located in London and New York specializes in creating and managing multi-manager portfolios with expertise in hedge fund manager research, selection, monitoring/oversight and portfolio management. With $10.3 billion in assets under management, the team provides commingled funds, customized portfolios, mutual funds and advisory services to a global, blue-chip client base of individual and institutional investors.
The transaction provides key benefits to Aberdeen:
• Grows our alternatives platform and enhances Aberdeen’s position in the U.S. and global institutional investor market
• Provides immediate entry into portfolios of liquid-alternative products domiciled in the U.S.
• Adds U.S.-based investment professionals with an investment process that is highly complementary to Aberdeen’s, broadening our global platform
Andrew McCaffery, Global Head of Alternatives at Aberdeen Asset Management, comments: “We are very pleased to have closed on the acquisition of Arden Asset Management LLC. Our excitement about the potential of the combined, integrated platform continues to grow, enhanced by the very encouraging feedback we have received from clients since signing the agreement. We continue to focus upon the opportunity presented by investors’ increasing demand for high-quality research, combined with effective portfolio construction and management, in an effort to generate sustainable returns for their hedge fund portfolios. The development of liquid-alternative portfolios and products, built off our broader hedge fund solutions platform, is an area that we are increasingly confident will grow in 2016 and beyond.”
For further information contact:
James Thorneley
James.thorneley@aberdeen-asset.com
Aberdeen Asset Management-UK
Tel: 02074636323
Katie Cowley
Katie.cowley@aberdeen-asset.com
Aberdeen Asset Management-US
Tel: 215-405-2423
