The deal involves four actively managed funds, which will now fall under the oversight of Jonathan Mondillo, Aberdeen’s global head of fixed income. This transition leverages the firm's broader expertise in high-yield credit, private credit, and municipal bonds. With this addition, Aberdeen now manages roughly £21.8 billion in closed-end fund assets, reinforcing its goal to expand its footprint on both sides of the Atlantic.
Aberdeen Investments Finalizes $2 Billion Closed-End Fund Acquisition
Aberdeen Investments finalized its acquisition of closed-end fund assets from Boston-based MFS Investment Management on July 2, absorbing a portfolio valued at approximately £1.5 billion. The transfer, completed after the New York Stock Exchange closed, marks the firm's tenth acquisition of this type since 2000, bolstering its US market presence.
This move follows the firm’s recent appointment as investment manager to the Herald Investment Trust, a shift that effectively resolved a protracted dispute with activist investor Saba Capital Management. Aberdeen CEO Xavier Meyer noted that the MFS transaction is expected to be income accretive within the first year. Beyond its fund management, the firm continues to prioritize logistics and infrastructure assets, underscored by the March 2026 FTSE 100 promotion of Tritax Big Box, in which Aberdeen holds a significant majority stake.
Comments (0)
No comments yet. Be the first!