LONDON - Aberdeen Asset Management signed a deal to buy Equitilink Group of Sydney, which has global and Australian asset management businesses, for $80 million.

Aberdeen would manage Equitilink's family of funds, which includes the First Australia Fund, the First Australia Prime Income Fund, and the First Commonwealth Fund, all of which are listed on the American Stock Exchange. The company would also manage two Canada-listed funds and a series of Australia-listed funds.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.