Aberdeen Asset Management has achieved an AAA- rating for its direct property investment process by German-based rating agency Telos.
The property investment process adopted by Aberdeen forms the basis for managing all of the direct property portfolios run by Aberdeen. The investment process is a disciplined and structured work flow, combined with integrated risk management and particular focus on client-specific risk profiles and requirements. All of the process steps associated with allocation, selection, asset management, and performance review and all qualitative and quantitative controls are defined within the investment process and uniformly implemented across the direct property business. The property investment process of Aberdeen is based on a combination of bottom-up and top-down analysis, which benefits from property research conducted by the group's dedicated property research team.
Aberdeen places particular importance on the process of making investment decisions as a team. This principle drives every step in the investment process, such as purchases and sales of properties, but also the structuring of the portfolio. Telos highlighted the local presence of Aberdeen as a particular strength, together with the involvement of all management levels in the investment process, in keeping with its group philosophy of "people on the ground". Telos felt that this approach produced acknowledged investment competence, an effective decision-making process, and a very good result in the property investment process.
Russell Chaplin, Chief Investment Officer - Property at Aberdeen Asset Management, comments:
"Aberdeen welcomes this rating by Telos. Our approach and process has been enhanced over the last two years to reflect lessons learned over the last ten. Our focus on teamwork and risk management at all stages of the process reflects the broader Aberdeen culture and we believe these result in better client outcomes."
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