Aussie deal boosts Walter Scott assets to dollars-20bn

The Sunday Herald | August 7, 2005| | Copyright

WALTER Scott & Partners, the Edinburgh-based fund management boutique, has surprised industry rivals by boosting its assets under management to dollars-20 billion (pounds-11.3bn).

The firm, which relocated to 1 Charlotte Square (the former office of Ivory & Sime) in January 2004, expects to boost assets further through a recent tie-up with the Sydney-based bank Macquarie.

In March, the financial institutions launched the Macquarie Walter Scott Global Equity Fund, which the fund manager's founder and chairman Walter Scott said, "could become quite significant".

Funds under management at Walter ...

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