EquitiLink sold to Aberdeen for $80 million

Aberdeen enters the Australian institutional market and boosts its presence in Asian fixed income investments.

UK-based Aberdeen Asset Management has purchased EquitiLink, an Australian fund manager, for $80 million, in a bid to extend its reach in the Australasian region. The acquisition has catapulted Aberdeens negligible Asian fixed income portfolio of just under $10 million to one of the most prominent in Asia, commanding now more than $1.2 billion in the Asian bond markets.

For EquitiLink, the sellout will increase the companys distribution network in Europe and the...

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