ABERDEEN Asset Management could be heading for the courts again, this time to sort out an acrimoniou...
ABERDEEN Asset Management could be heading for the courts again, this time to sort out an acrimonious battle with Real Estate Opportunities, says the FT, for whom Aberdeen has been managing money. REO says Aberdeen is responsible for more than £165m in losses so it is replacing Aberdeen with Invesco Perpetual, but not without "taking appropriate steps to seek recovery". The loss of business for Aberdeen could place further pressure on the asset management firm, which has already seen £8m of its management fees being withheld by REO - totalling at least £4m of Aberdeen's turnover. ...
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