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Non-exec buys initial stake in Aberdeen

Wed, 17th Mar 2010 16:02
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 BuysTravis Perkins (TPK) Director name: Mr Geoff CooperAmount purchased: 21,556 @ 740.42p Value: £159,605Norseman Gold (NGL) Director name: Mr David Christian SteinepreisAmount purchased: 200,000 @ 41.52p Value: £83,040Aberdeen Asset Management (ADN) Director name: Mr Gerhard Fusenig Amount purchased: 100,000 @ 128.84p Value: £128,840Travis Perkins (TPK) Director name: Mr John P CarterAmount purchased: 15,089 @ 740.42p Value: £111,722Travis Perkins (TPK) Director name: Mr Paul N Hampden SmithAmount purchased: 15,089 @ 740.42p Value: £111,722Smith & Nephew (SN.) Director name: Mr Ian Barlow Amount purchased: 10,000 @ 680.50p Value: £68,050Travis Perkins (TPK) Director name: Mr Andrew PikeAmount purchased: 6,035 @ 740.42p Value: £44,684Top Director SellsDiageo (DGE) Director name: Mr Paul S WalshAmount sold: 99,000 @ 1,100.00p Value: £1,089,000Croda International (CRDA) Director name: Mr Michael HumphreyAmount sold: 53,308 @ 917.91p Value: £489,319Morrison (Wm) Supermarkets (MRW) Director name: Mr Mark GunterAmount sold: 130,864 @ 295.50p Value: £386,703Morrison (Wm) Supermarkets (MRW) Director name: Mr Richard PennycookAmount sold: 125,629 @ 295.50p Value: £371,234Morrison (Wm) Supermarkets (MRW) Director name: Mr Martyn JonesAmount sold: 69,371 @ 295.50p Value: £204,991Centamin Egypt (CEY) Director name: Mr Stuart BottomleyAmount sold: 150,000 @ 124.94p Value: £187,410British American Tobacco (BATS) Director name: Mr Ben StevensAmount sold: 7,324 @ 2,237.75p Value: £163,893Spectris (SXS) Director name: Mr Roger StephensAmount sold: 7,176 @ 826.15p Value: £59,285Spectris (SXS) Director name: Mr John O'HigginsAmount sold: 7,186 @ 822.00p Value: £59,069Pennon Group (PNN) Director name: Mr C I J H DrummondAmount sold: 7,298 @ 527.60p Value: £38,504

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