We are pleased to announce that as of December 31, 2015 Arden Asset Management LLC, a leading provider of hedge fund solutions, has been acquired by Aberdeen Asset Management Inc.

Aberdeen Asset Management PLC is a global asset management firm, drawing on more than 2700 staff, across 38 offices in 26 countries, and managing $374.0 billion, as of 31 December 2016.

The acquisition is in line with our strategy to diversify our business, and grow our global alternatives offering, which encompasses hedge funds, private equity, property multi-manager and infrastructure. It is complementary to our existing hedge fund solutions capability, resulting in a leading hedge fund team with over 30 investment professionals and around $11 billion of assets under management.