MONEY MANAGEMENT

Aberdeen brings on team from Guggenheim to take minority stakes in alternative managers

Ajay Chitkara, Farhad Dehesh and Bradford Pilcher joined Aberdeen Asset Management’s $30 billion alternative investment division in New York, said a spokesman.

The positions are new. The new team will launch a strategy focused on acquiring minority equity interests in alternative asset management firms, according to a news release.

One additional core team member will join in early February, according to the release. The job titles have not yet been confirmed, said the spokesman.

“(The team) will launch a strategy focused on acquiring minority equity interests in alternative asset management firms, building upon Aberdeen’s existing relationships and investment expertise in the hedge fund and private capital space to deliver compelling, differentiated returns to Aberdeen’s global investor base,” said Andrew McCaffery, global head of alternatives, in the release.

All three executives were previously at Guggenheim Partners. A spokeswoman was not able to provide comment on replacements by press time.