It may be co-incidence, but on the day that Aberdeen Asset Management presented its interim results,...
It may be co-incidence, but on the day that Aberdeen Asset Management presented its interim results, the Treasury also chose to release a statement in which it promotes the idea of tightening up regulation of the investment trust sector. Aberdeen has been one of the key names in the split capital investment trust fiasco, and the company today reported that first half profit jumped after it sold 6 funds to New Start as part of the process of picking up the pieces from the splits disaster. Earnings per share soared to more than 17p from just short of 3p in the same period last y...
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