Aberdeen’s Fund Of Hedge Funds To Expand In Asia

Aberdeen Asset Managementʼs fund of hedge funds (FoHF) business is planning to become more active in Asia. Andrew McCaffery, the firmʼs global head of hedge funds, told AsianInvestor that;

• Next year, the firm plans to appoint dedicated FoHF staff in Asia to meet hedge fund managers and gather market information

• Aberdeen intends to grow its FoHF investor-base in Asia, which currently comprises about 5-10 percent of its global total

• The FoHF business manages about $5.5 billion across multiple funds, including one focused on Asian managers.

• Aberdeen runs a total of $280 billion in assets, of which $40 billion is in its alternatives division.