Aberdeen wins Gateway fund mandate

Aberdeen Asset Managers has been appointed as fund managers to the Gateway VCT, effective from 31 March 2008. Gateway is eligible to co-invest alongside Aberdeen's six existing VCT funds.

The move sees Aberdeen's Growth Capital Team increase its assets under management to £145m across seven funds, making it one of the UK's largest VCT managers. Aberdeen has grown through acquisition and since its foray into VCTs in 2004 has won contracts for two other underperforming VCTs.

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