Opinion on Aberdeen Asset Management
What do you guys think of Aberdeen Asset Management, its training program for graduates and overall "prestige"/reputation if my end goal is L/S equity hedge funds? I recently got offered a position in its London equities investment division, and although it is the 2nd largest UK asset manager behind Schroders, it seems that its brand name is much weaker, perhaps due to its exposure to EM which is expected to underperform.
I heard the average tenure of analysts/PMs are pretty long, but that may be due to a lack of exit opps. How would you guys rank it besides other equities-focused asset managers?
They're well known as an EM manager but have had a disastrous run over the past few years. I feel like every time I look at a dog in EM Aberdeen owns a big stake. Aberdeen grew so big in EM that they became a closet indexer, but with higher fees and underperformance. The business will definitely continue to shrink in the coming years. It's probably a good place to start a career (good training and overall reputation) but I wouldn't want to be midcareer there.
I disagree that it has had a "disastrous run." it's been a very solid fund, consistently outperforming the index and peers. It own the big EM names such as Samsung and Lukoil, so I understand the closet index case, but its performance has been strong.
Interesting! Would you pick this or a smaller boutique ($5B AUM) with a good track record?
Could you also elaborate further on why the mid career sucks?
what do you mean by "closet indexer"
They got so big their portfolio started to behave a lot like the index.
It is a sinking ship. I would avoid it.
Bump
Aberdeen Asset Management: more information? (Originally Posted: 03/25/2011)
Hi guys,
Was wondering what you guys knew of this firm and if there was something you could tell me about them?
seems like it is mostly focused on europe/asia markets
would be interested in hearing from someone who works there/knows someone working there
Heard its a good EM AM shop, no personal experience there though.
That's really helpful guys, thanks. I've heard that they're focused a lot on teamwork and that they have no real 'stars'. It's more about the collective effort.
I was looking to find more information on their Investment strategies, as it seems their website doesn't discuss much about it. Also, any info on recent performance would be amazing!
If i remember i will look them up on bloomberg under FLNG function
I'd appreciate it! :)
I think II awarded them best performing EM shop last year? Could be wrong.
Off topic; Walkio, weren't you the one who asked how to get into Swiss banks?
Iste dolorem velit ex error et. Pariatur in dolores eos asperiores. Ex culpa aut amet. Molestiae officia ratione doloribus et. Explicabo at aut sed eos non omnis est sed.
Blanditiis quisquam et occaecati laboriosam velit non autem. Saepe dolorem quibusdam rem dolorum. Non ab ut sit possimus repellendus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...