A $400 Billion Manager Is Playing the Long Game in Tough Times
- Aberdeen veteran focusing on `great' stocks at cheap prices
- Hugh Young's emerging markets fund has beaten 99% of peers
Hugh Young.
Photographer: Nicky Loh/BloombergThis article is for subscribers only.
Hugh Young has no illusions about how tough this year will be for global investors and his firm, Aberdeen Asset Management Plc.
The Singapore-based managing director of Aberdeen predicts the world economy will struggle in 2016 amid a growing realization that central bank stimulus has failed. Weak global growth has already battered some of Aberdeen’s biggest holdings, including Rio Tinto Plc and PetroChina Co., while clients have pulled more than $30 billion from the firm’s funds over the past two quarters.