EquitiLink sold to Aberdeen for $80 million

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 Aberdeen’s 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.