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Andrew McCaffery, Aberdeen, interview
01 September 2014
Andrew McCaffery is convinced that the traditionally long-only asset manager will attract a market-mirroring amount of alternative investment, discovers Paul Golden
Aberdeen's foray into alternatives has been an eventful one.
As recently as late 2012 investors were diverting cash away
from its alternative investment strategies, but the acquisition
of the Scottish Widows Investment Partnership doubled its
alternatives assets under management (AuM) to approximately
$20bn and global head of alternatives, Andrew McCaffery, has
set a target of more than doubling that figure by 2019.
Earlier this year, Aberdeen's alternatives business became a
separate unit with a multi-manager approach to researching and
investing in hedge funds/liquid alternative strategies; private
equity funds and co-investments; and property funds. A fourth
desk is responsible for direct investment into infrastructure
"Alternatives is a key part of Aberdeen's future," says
McCaffery, who was previously global head of hedge funds. "We
recognise that the growth of allocations to alternative
investments and strategies is likely to outpace liquid assets
over the next five to 10 years....
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