In the Margins

Standard Life, Aberdeen to merge

March 7, 2017

By The New York Times

Standard Life and Aberdeen Asset Management are joining forces in a $4.7 billion deal that would create a combined company with roughly GBP660 billion of assets under administration. Actively focused firms like Aberdeen and Standard Life are facing increased competition from behemoths like the Vanguard Group and BlackRock that specialize in index funds. Read the original story from The New York Times.