Aberdeen Asset Management (Aberdeen) has appointed Andrew McCaffery (pictured) as Head of Institutional Hedge Funds.
Aberdeen’s award-winning fund of hedge funds business has over GBP4 billion of assets under management. McCaffery will form part of the senior management team (alongside Graham Duce and Aidan Kearney) for the entire hedge fund and long only multi manager business. He will report to Anne Richards, Chief Investment Officer and Head of Alternative Investment Strategies.
McCaffery previously worked at BlueCrest, where he was a founder member of Alignment Investors, a separately branded division of BlueCrest. He joined BlueCrest in 2008 following two years as Head of Absolute Return Strategies at Aberdeen, having previously been CEO of Attica Alternative Investments Limited in London, a fund of hedge funds business. Prior to that, he was a Managing Director at UBS in London overseeing global coverage of hedge fund investors, having been an architect of the investment bank’s hedge fund business planning and a member of its proprietary risk committee.
McCaffery,says: “I am pleased to be returning to Aberdeen having enjoyed my previous time there. In 2008, the Group understandably put on hold its expansion into alternatives given the market environment. However, it now has a fund of hedge funds business which is a hidden gem within the hedge fund sector and the broader asset management field. The team’s experience and expertise is impressive and I’m looking forward to working with them and being part of a growing business.”
Anne Richards, Chief Investment Officer of Aberdeen Asset Management, says: “We are delighted that Andrew is rejoining Aberdeen given how highly regarded he is within the hedge fund industry. His return will strengthen further our fund of hedge funds team as we look to build the business.”