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Aberdeen Frontier Markets appoints new AIFM

03 June 2016 08:36

Aberdeen Frontier Markets Investment Company Limited has announced that it is now being managed by Aberdeen Fund Managers Limited. This took effect from 1 June.

AFML will also act as the alternative investment fund manager (AIFM) and shall delegate the portfolio management of the company to Aberdeen Asset Managers Limited.

AFML and AAML are wholly owned subsidiaries of Aberdeen Asset Management. 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 (formerly known as Advance Emerging Capital Limited) has been released and discharged from the management agreement made between it and the company on 22 July 2014 with AFML taking over under the same terms.

At 8:36am: (LON:AFMC) Aberdeen Frontier Markets Investment Company Limited share price was 0p at 53.5p

Story provided by StockMarketWire.com

Related Company: AFMC

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