Can Aberdeen Asset Management crack America?

Aberdeen Asset Management reckons it is big enough to start selling its funds into the massive American market, which has got some people very excited. Phil Oakley examines whether it's worth a buy.

The fund manager has done well and is expanding. But the price isn't right, says Phil Oakley.

Aberdeen Asset Management has come a long way in a short time. It started out as a management buyout of an investment trust led by current chief executive Martin Gilbert in 1983. Thirty years later it is a member of the FTSE 100 index, and the biggest listed fund manager in Europe.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.