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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
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 projects.
"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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