Appointment of New AIFM

RNS Number : 0841A

Aberdeen Emerging Markets Inv Co Ld

02 June 2016

 

2 June 2016

Aberdeen Emerging Markets Investment Company Limited

Appointment of New AIFM and portfolio management arrangements

Aberdeen Emerging Markets Investment Company Limited (the "Company") announces that with effect from 1 June 2016 the Company will be managed by Aberdeen Fund Managers Limited ("AFML").

AFML will also act as the alternative investment fund manager ("AIFM") of the Company and shall delegate the portfolio management of the company to Aberdeen Asset Managers Limited ("AAML"). AFML and AAML are wholly owned subsidiaries of Aberdeen Asset Management PLC ("AAM"). The change reflects an internal re-organisation within AAM however the existing team will continue to be involved in the management of the Company. Aberdeen Emerging Capital Limited ("AECL" and formerly known as Advance Emerging Capital Limited) has therefore been released and discharged from the Management Agreement made between AECL and the Company dated 22 July 2014 with AFML becoming party thereto in place of AECL under the same terms.

Enquiries:

Aberdeen Fund Managers Limited (Investment Manager to Aberdeen Emerging Markets Investment Company Limited)

Andrew Lister / Bernard Moody   Tel: [phone]  

Cavendish Administration Limited (UK Administration Agent)

Anthony Lee    Tel: [phone]

 

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