Non-exec buys initial stake in Aberdeen

Date: Wednesday 17 Mar 2010

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

« Go back to news channel

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE