Active managers hit their limits

Financial News – Martin Gilbert, the chief executive of Aberdeen Asset Management, has said he expects to have to restrict new investment in his firm’s global equity strategy by the end of this year.

Gilbert told Financial News: “We are struggling with capacity in that area, as we run quite concentrated portfolios of 50 to 60 stocks and we’re trying to avoid expanding the portfolio. We’ll reach capacity in global by the end of the year, probably – we’ll just close to segregated business.”

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