Aberdeen Asset to Lose Murray Private Equity Team; Departure Imminent of Funds Worth (Pounds) 200m As Diggines Plans Own Venture
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Summary
ABERDEEN Asset Management is about to part com- pany with the private equity team it acquired with Glasgow-based Murray Johnstone, and about (pounds) 200m of funds run by these individuals, a senior industry source has told The Herald.
The source said members of the team, led from Manchester by Jonathan Diggines, planned to set up on their own and were likely to take with them the contracts for the funds they run for the Murray venture capital trusts and institutional investors. Aberdeen might take a minority stake in the team's new venture.See the full content of this document
Extract
Aberdeen Asset to Lose Murray Private Equity Team; Departure Imminent of Funds Worth (Pounds) 200m As Diggines Plans Own Venture
"My sense is that it is reasonably imminent," said the source.
Diggines joined Aberdeen with its acquisition in 2000 of Murray Johnstone, and he has headed the enlarged private ...See the full content of this document
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