Funds of Hedge Funds Mergers & Acquisitions / Joint Ventures

Standard Life Investments acquires Aida for FoHF foray


Standard Life is set to enter the fund of funds world via a small London-based boutique. The viability of some small funds of funds and listed vehicles is being called into question in the new environment, especially if the underlying performance suffered in 2008. The latest firm to find itself in need of a strategic partner is Nick Oppenheim's Aida Capital, whose flagship fund was down 41.56% in 2008.

Standard Life Investments, a wholly owned subsidiary of Standard Life, has reached agreement in principle with the shareholders of Aida Capital to acquire a majority interest in Aida Capital.