Fund Management Leader in City Battle

The HeraldJuly 02, 2005

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Summary


ONE of Scotland's biggest fund managers has stepped up its battle with a City rival over allegedly inaccurate statements which it claims could harm its reputation.

Senior staff at Aberdeen Asset Management have sent a strongly- worded letter to the chief executive of Close Brothers, which recently acquired the management contracts of three venture capital trusts held by Murray Johnstone, a subsidiary of AAM.

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Fund Management Leader in City Battle

Aberdeen has been infuri...

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