PHILADELPHIA, Aug. 4, 2015-Aberdeen Asset Management Inc (Aberdeen) is pleased to announce it has entered into an agreement to acquire Arden Asset Management LLC (Arden), a provider of hedge fund solutions with offices in New York and London.
The transaction is subject to regulatory approval from the UK FCA and notification to the Irish Central Bank. It is also subject to obtaining the approval of the Board of Trustees and shareholders of certain mutual funds. The aim is to complete the transaction during the fourth quarter of 2015.
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