Non-exec buys initial stake in Aberdeen

Mar 17, 2010

Share with
friends:

Comments (0) Print this article

Aberdeen Asset Management non-executive director Gerhard Fusenig has bought his first shares in the fund manager since he was appointed to the board on 8 October 2009.

Fusenig invested nearly £129,000 in 100,000 shares, which cost 128.84p each.

Fusenig is Co-Chief Operating Officer of Asset Management and Head of Asset Management EMEA of Credit Suisse Asset Management.

Aberdeen recently bought certain fund management assets and contracts of RBS Asset Management for £84.7m. This includes £13.5bn of assets under management.

Aberdeen had a 'successful' last three months of 2009, with gross new business wins more than 3½ times the figure for the fourth quarter of 2008.

Wins for the period of £9.6bn compared with £2.6bn a year earlier, with a further £3.1bn of new mandates awarded but not funded at the end of December.

Redemptions of £12.2bn were largely from the lower margin fixed income and money market products, said the firm, resulting in an overall net outflow of £2.6bn, less than last year's £4.3bn.

Total assets under management dipped 1.4% to £144.1bn - prior to the RBS purchase.

Top Director Buys

Travis Perkins (TPK) Director name: Mr Geoff Cooper Amount purchased: 21,556 @ 740.42p Value: £159,605

Norseman Gold (NGL) Director name: Mr David Christian Steinepreis Amount purchased: 200,000 @ 41.52p Value: £83,040

Aberdeen Asset Management (ADN) Director name: Mr Gerhard Fusenig Amount purchased: 100,000 @ 128.84p Value: £128,840

Travis Perkins (TPK) Director name: Mr John P Carter Amount purchased: 15,089 @ 740.42p Value: £111,722

Travis Perkins (TPK) Director name: Mr Paul N Hampden Smith Amount purchased: 15,089 @ 740.42p Value: £111,722

Smith & Nephew (SN.) Director name: Mr Ian Barlow Amount purchased: 10,000 @ 680.50p Value: £68,050

Travis Perkins (TPK) Director name: Mr Andrew Pike Amount purchased: 6,035 @ 740.42p Value: £44,684

Top Director Sells

Diageo (DGE) Director name: Mr Paul S Walsh Amount sold: 99,000 @ 1,100.00p Value: £1,089,000

Croda International (CRDA) Director name: Mr Michael Humphrey Amount sold: 53,308 @ 917.91p Value: £489,319

Morrison (Wm) Supermarkets (MRW) Director name: Mr Mark Gunter Amount sold: 130,864 @ 295.50p Value: £386,703

Morrison (Wm) Supermarkets (MRW) Director name: Mr Richard Pennycook Amount sold: 125,629 @ 295.50p Value: £371,234

Morrison (Wm) Supermarkets (MRW) Director name: Mr Martyn Jones Amount sold: 69,371 @ 295.50p Value: £204,991

Centamin Egypt (CEY) Director name: Mr Stuart Bottomley Amount sold: 150,000 @ 124.94p Value: £187,410

British American Tobacco (BATS) Director name: Mr Ben Stevens Amount sold: 7,324 @ 2,237.75p Value: £163,893

Spectris (SXS) Director name: Mr Roger Stephens Amount sold: 7,176 @ 826.15p Value: £59,285

Spectris (SXS) Director name: Mr John O'Higgins Amount sold: 7,186 @ 822.00p Value: £59,069

Pennon Group (PNN) Director name: Mr C I J H Drummond Amount sold: 7,298 @ 527.60p Value: £38,504

Comments (0)

Share with
friends:

Related articles

Leave a comment

This will be the name displayed with your comment.

This helps us verify comments are genuine. It will not be displayed anywhere on the site and is stored confidentially.

Please keep your comment within 1,000 characters and relevant to the main topic. We encourage healthy debate, but we don't allow insults or bad language. Anything off topic or unpleasant, we'll remove. Enjoy the conversation! Thank you.

captcha To prevent spam-related comments please enter the characters shown in the 'Captcha' box to the left.

By leaving a comment you accept our terms and conditions.


FREE - MoneyWeek's daily investment emailJohn Stepek

Our free daily email, Money Morning, is an informative and enjoyable analysis of what's going on in the markets. Written by our Editor, John Stepek, and guest contributors.
Sign up FREE to Money Morning here.

>