Look Whose Largest Fund Managers Increase Assets by Most in Year

Scotland’s four largest money managers, who oversee almost $1 trillion between them, increased their assets by 7.4 percent in the first three months of 2013, the biggest quarterly increase in at least a year.

The combined funds of Aberdeen Asset Management Plc (ADN), Standard Life Investments, Scottish Widows Investment Partnership and Baillie Gifford & Co. rose to 631.4 billion pounds ($982 billion) at March 31 from 587.8 billion pounds at the end of 2012, company filings and statements over the past week show. They were 12 percent higher than a year before.

Among the four, whose industry in Edinburgh goes back almost two centuries, Aberdeen and Baillie Gifford posted the largest increases in assets with 9.8 percent gains. Aberdeen’s funds topped 200 billion pounds for the first time and cement its position as Scotland’s biggest money manager. Scottish Widows reported the smallest increase…..

http://www.bloomberg.com/news/2013-04-30/scotland-s-largest-fund-managers-increase-assets-by-most-in-year.html