Fund Manager Calls End of Credit Crunch

Daily MailJuly 19, 2008

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Summary


THE credit crunch could soon be over according to the head of one of Britain's biggest fund managers.

Martin Gilbert, chief executive of Aberdeen Asset Management ( up 20 3 / 4 p at 142 1 / 2 p) said: 'I still think there will be shocks to the system but I genuinely think the worst is over.' His comments came off the back of a [pounds]6.4bn swelling of assets in the last three months for Aberdeen through a combination of new money and its takeover of property fund manager Goodman in May.

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Fund Manager Calls End of Credit Crunch

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